Bitcoin Price Temperature Shows ‘Warm’ Market Despite Record Highs

According to CryptoQuant analyst Axel Adler Jr, Bitcoin has hit an all-time high, yet the Bitcoin Price Temperature (BPT) sits at 2.56—well below the local peak of 3.57. This indicates the market is in a ‘warm’ phase, not overheated.

Key insights:

Price is holding above the four-year moving average and its +2σ, confirming a bullish trend.

No immediate signs of extreme overheating.

Main risk: a normal pullback within the ongoing uptrend.

A late-stage bull signal would appear if BPT surges beyond 3.0.

Takeaway: Bitcoin’s rally still has room to run, but traders should watch for BPT spikes as an early warning of potential trend exhaustion.

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