Looking at the proportion (%) of Bitcoin that has been held for just 1 day to 1 week, we can see that the market is currently in a short-term overheating phase and is entering a brief cooling-off period.
Before the corrections in March–October 2024 and January–April 2025, the degree of overheating was higher than it is now, and the overheated state lasted for a longer period (red boxes).
In contrast, this time, both the extent and duration of overheating are significantly smaller compared to the previous two instances (yellow boxes).
Also, since the recent price increase was relatively modest, we may see a milder and shorter correction in the short term. However, it's important to remain patient and look forward to a potential uptrend in the second half of 2025.
Written by Crypto Dan
