The Bitcoin risk assessment model, as analyzed by Cryptoquant's Axel Adler Jr., has reached 58 points, nearing the 'risk-off' threshold of 60. This model evaluates Bitcoin's risk by considering various market factors, including the S&P 500, gold, crude oil, and the U.S. Dollar Index (DXY). A reading above 60 is generally interpreted as a signal for investors to reduce exposure to Bitcoin, indicating heightened market risk.