2026-05-10 15:32:25
Bitcoin Rebounds to $60K From $125K Fall, But On-Chain Data Hasn't Confirmed New Bull Cycle Yet, Analyst Says
According to on-chain analyst Axel Adler Jr, Bitcoin has rebounded from $60,000 after falling from approximately $125,000, though key on-chain indicators have not yet confirmed entry into a new bull market cycle as of May 10. Multiple metrics—including the percentage of loss-making supply and