CryptoQuant Analyst: Bitcoin price has returned above fair value, and the bearish-dominated pattern has reversed

CryptoQuant analyst Axel Adler Jr stated on social media that the current price of Bitcoin has risen above its fair value, and the market structure has significantly changed compared to two weeks ago.

Axel Adler Jr pointed out that two weeks ago, the market was in a bearish dominant phase, with the price of Bitcoin below its fair value, and the model he used was also in a "Bear Regime" state. As of now, this structure has completely reversed—prices have risen above fair value, and the bears' control over the market has come to an end.