CryptoQuant Analysis: Bitcoin Reaches New Highs but No Signs of Overheating

According to news from HashKey, CryptoQuant analyst Axel Adler Jr noted that despite Bitcoin hitting an all-time high, the current BPT remains at a high level of 2.56 (still below the local peak of 3.57), indicating that the temperature during this period is 'warm' but shows no signs of overheating. The price remains above the 4-year moving average and +2σ (green), confirming the upward trend. The main risk at present is a typical correction in the ascending trend, and when the BPT accelerates above 3.0, late signals may appear.