BTC Overheating Resolved: Bull Market Still On?

CryptoQuant's CryptoDan suggests the recent Bitcoin (BTC) short-term overheating has been resolved, mirroring conditions before the June rebound. Despite recent ETF outflows, the market is stabilizing. "Currently, BTC has resolved short-term overheating to a level similar to before the rebound began last June, without a major correction," CryptoDan stated. He further added that while ETF outflows occurred, they've subsided. While a boring sideways market may persist in the short term, the broader outlook remains bullish. CryptoDan believes that while some indicators suggest overheating, the likelihood of a significant downward cycle is currently low. This analysis offers reassurance to investors concerned about a potential bear market, suggesting the overall upward trend for Bitcoin may continue. ```