This bubble chart, based on total exchange trading volume, visualizes the market. The size of each circle represents trading volume, while the color indicates the rate of volume change.
Decreasing volume: Cooling
Little to no change: Neutral
Increasing volume: Overheating
Sharp increase: Extreme Overheating
Currently, Bitcoin is near its all-time high, but the market shows a cooling trend without signs of overheating.
To break past its all-time high, macroeconomic catalysts like interest rate cuts or regulatory easing may be needed. However, the market has already established a stable foundation.
Thus, a strategy of patience, keeping an eye on major market events, and waiting for opportunities seems promising.
Written by Crypto Dan
