Bitcoin (BTC) Reaches New Highs: Is This the Beginning of a Healthier Bull Market?

Jakarta, Pintu News – Bitcoin (BTC) has recently shown an impressive recovery, rising from a potential cycle low of $74,508 on April 6 to slightly above $100,000. In contrast to previous market rallies, this upswing is characterized by healthier price movements and shows no signs of overheating.

Current Rally Shows No Signs of Overheating

According to a recent post on CryptoQuant Quicktakes by contributor avocado_onchain, last year’s Bitcoin (BTC) bull cycle was often accompanied by sharp spikes in market buying volumes on Binance and funding levels. The sudden rise in funding rates was often followed by a sharp price drawdown as the market overheated.

In this context, overheating refers to the excessive use of bullish leverage in the futures market that increases the cost of long positions, signaling an overly aggressive sentiment that often precedes market corrections. In contrast, the current rally looks different. According to avocado_onchain, the ongoing rebound is occurring without overheated funding levels.

In fact, the volume of market purchases on Binance is showing a downward trend, which is contrary to previous bull cycles. Analysts argue that these are signs of a healthier rally, as previous rallies were characterized by overheated funding levels and sudden corrections, which weakened investor sentiment.

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Other Indicators Point to a New ATH

In addition to stable funding levels and encouraging market buying volumes, Bitcoin (BTC) is also showing some other positive signs that point towards reaching new record highs for the major digital asset in the near future.

For example, on-chain data shows that long-term holders are not selling, even when Bitcoin (BTC) is trading close to its previous ATH of $108,786 recorded in January. This behavior suggests that such investors are anticipating more price increases.

However, analysts warned against overly optimistic expectations, noting that Bitcoin (BTC) may still be far from experiencing a true supply shock. At press time, Bitcoin (BTC) was trading at $102,393, down 1.4% in the last 24 hours.

A More Stable and Sustainable Outlook for Bitcoin (BTC)

Bitcoin’s (BTC) recent rise indicates a significant change in market dynamics. With more stable funding levels and consistent buying volumes, the market seems to be moving towards greater sustainability. Although there are still short-term price fluctuations, the current on-chain and market data remains very constructive in favor of further gains.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Rebound Signals Healthier Bull Market Without Overheating, Analyst Says. Accessed on May 20, 2025
• Featured Image: Generated by AI