Bitcoin’s new all-time high has traders asking: Is BTC price overheating at $111K?
From a technical standpoint, Bitcoin is showing some signs of overheating, but onchain data suggests otherwise.
Key takeaways:
Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating.
Funding rates and other metrics suggest a “healthy upward phase.”
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