[Analysis] "No Signs of Bitcoin Overheating… Market Remains Stable"

JOON HYOUNG LEE

Summary

It was stated that Bitcoin's price is nearing its all-time high, but investor sentiment is not overheated.
Some analyses suggest that Bitcoin could reach new highs again, depending on future macroeconomic issues.
The market is currently stable, and a strategy of patiently observing key events is considered promising.

The price of Bitcoin (BTC) has approached its all-time high, but an analysis indicates that investor sentiment has not become overheated.

On the 26th, CryptoDan, a contributor for CryptoQuant, stated through CryptoQuant, "Currently, Bitcoin is near its historical peak, but the market is showing a gradual cooling trend without any signs of overheating." As of the afternoon, according to CoinMarketCap, Bitcoin is trading in the high $107,000 range. Last month, for the first time ever, the price of Bitcoin surpassed $111,000.

There is analysis suggesting that, depending on upcoming macroeconomic issues, Bitcoin could break new all-time highs again. CryptoDan explained, "If Bitcoin is to surpass its all-time high, macroeconomic catalysts such as interest rate cuts or regulatory easing may be necessary," adding, "However, the market has already established a stable foundation." He further commented, "At this point, maintaining patience and monitoring major market events while waiting for opportunities appears to be a promising strategy."

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