There is no market overheating

  • If the macroeconomic factors accompany, Bitcoin could go looking for new maximums.

  • It is necessary that between new liquidity to the market.

The Bitcoin market (BTC) radiates stability at a key moment. The currency is one step away from its historical record of $ 111,000, but the data shows balanced behavior, without signs of an uncontrolled advance.

This scenario, backed by favorable macroeconomic dynamics and renewed institutional interest, He suggests that Bitcoin could be preparing for a new upward chapter.

The analyst identified as Crypto Dan, from the data firm on-chain Cryptoquant, Explain That the bitcoin market exhibits a cooling trend. The following bubble graph based on the total volume of operations in exchanges confirms it: the size of each circle represents the volume of transactions, while the color indicates the volume change rate.

Graph of the total volume of operations with Bitcoin in Exchanges.
Total volume of operations with Bitcoin in exchanges. Fountain: Cryptoquant.

The colors are key to interpreting the trend: Gray indicates “neutral” (little change in volume), green “cooling” (decreasing volume), yellow “warming” (growing volume) and red “overheating” (sudden increase).

By the end of 2024 and early 2025, green bubbles predominate around 90,000-100,000 dollars, confirming the current “cooling” phase. This suggests that, although the price is close to the historical maximum, the market is not experiencing a purchasing frenzy, which reduces the risk of abrupt correction.

The green arrow in the previous graph highlights this transition to recent stability, supporting Crypto Dan’s analysis.

“The market has already established a stable base,” says the analyst, who recommends patience and surveillance against key events to take advantage of opportunities.

Macroeconomic factors drive optimism in Bitcoin

Several global events reinforce the bullish perspectives. The United States and China reached a commercial agreement that ends a long dispute over tariffs, eliminating an obstacle that stopped investors.

Also, the recent cessation of the conflict between Iran and Israel generates a more favorable environment for assets considered “risk” as bitcoin.

“We believe that conditions are conducive to Bitcoin exceeds its previous historical, especially considering that the conflict between Iran and Israel seems to have ended at the moment,” affirmed Jeff Mei, Operations Director of the BTSE Stock Exchange.

For her part, analyst Rachael Lucas, by BTC Markets, Consider that reaching a new historical maximum “is a matter of time.”

Bitcoin’s growing relevance in traditional finances is also highlighted, after the decision of the Federal Housing Financing Agency of the United States (FHFA) to allow cryptoactive ones such as Bitcoin to be considered among the eligible assets to request a mortgage loan, as reported by cryptootics.

Institutions and ETF: a constant capital flow

Institutional interest reinforces this stability. Bitcoin ETFs accumulate 13 consecutive days of capital tickets, with 1.2 billion dollars entered only this week. This constant flow reflects sustained confidence in the digital currency.

Bitcoin ETF performance chart.
Bitcoin ETF performance. Fountain: Soso Value.

At the same time, companies are increasingly added to the adoption of Bitcoin for their treasury. A remarkable example is ProCap BTC, a financial services firm that was launched this week, which has already acquired 4,932 BTC, positioning itself in the Post 13 of the ranking of companies with Bitcoin -based treasures.

Liquidity is key to the next Bitcoin jump

Meanwhile, the Bitcoin Vector firm reports A “constructive change” in the market, with on-chain data that shows the first significant expansion of liquidity in June after a minimum of three years.

Although Bitcoin remains below its historical maximum, this capital rebound suggests that “money returns cautiously, laying the foundations for the next stage.”

“Bitcoin could consolidate a sustained bullish trend if macroeconomic factors accompany,” they say.

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