Is the Bitcoin Price Inclined to Go Up or Down? Here are the Results
Cryptocurrency analyst Axel Adler highlighted the current data of the Bitcoin Heat Macro Phase metric in his assessment of Bitcoin's current market situation. This indicator aims to guide investors by reflecting the overall market temperature with a single numerical value.
According to Adler, high values of this metric (around 50%) may indicate that the market is overheated. This situation is associated with factors such as overvaluation, increased profit realization, selling pressure from long-term holders (LTH), and historical highs in ETF inflows. During such times, a correction or distribution phase is expected in the market.
On the other hand, low values (around 30%) reflect the coolness in the market. During these phases, limited profit selling, moderate ETF inflows, and restricted selling pressure from long-term investors indicate favorable conditions for accumulation.
Adler stated that the current value is 44, expressing that the market is neither overheated nor cheap at the moment. The analyst said, “There is no environment where bulls or bears are dominant. The market is not in the overbought region, but it is also not considered in the opportunity zone. Profit realization is gradually increasing, but a mass exit has not yet started.”
