CoinVoice has recently learned that CryptoQuant analyst Axel Adler Jr tweeted that although the Bitcoin price has reached a new all-time high, the BPT indicator remains at a moderate level of 2.56, below the previous local high of 3.57.



At the same time, the Realized P&L Ratio remains at an average level, indicating that the current market state has relatively lower risk compared to previous overheating periods. Technically, the price remains above the 4-year moving average and its two standard deviations, confirming that the upward trend continues.

Analysts point out the need to be cautious of conventional pullback risks in an upward trend, while a BPT breakthrough of 3.0 could signal that the market is entering a later stage.
BTC0.55%
BPT-4.01%
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