Bitcoin (#Chainbase上线币安 ) has recently been in the spotlight, breaking through $123,100 and setting a historical high! This number makes veteran players in the crypto world want to shout, 'The old days have returned!' However, despite the soaring price, CryptoQuant analyst Axel Adler Jr. stated that the market has not yet reached an 'overheated' stage. Why is that? Because some typical 'market peak signals' have not yet appeared, such as massive sell-offs or a frenzy of funds pouring in.