Analysis: Bitcoin selling pressure has decreased to one-sixth of the cycle average, and the market has entered an accumulation phase.

CoinFeed reported on March 13th that CryptoQuant analyst Axel Adler Jr. analyzed that selling pressure in the Bitcoin market has dropped to one-sixth of the cycle average, currently in a positive accumulation phase. The Sell-side Risk Ratio model shows that the last selling pressure signal appeared in December 2024 (at a price of $107,000), after which the signal closed. Currently, the model shows an accumulation signal, with selling pressure on the network continuing to decline, resembling the data from the $16,000 to $20,000 price levels during the 2022-2023 bear market. The model divides the current cycle into two phases: a strong allocation phase from November to December 2024 ($64,000 to $107,000), and the current regression and accumulation phase.