Bitcoin Rebound Signals Healthier Bull Market Without Overheating, Analyst Says
Bitcoin (BTC) has rebounded from a potential cycle low of $74,508 on April 6 to over $100,000, characterized by healthier price movement. Unlike previous bull cycles, the current rally is not showing signs of overheating, as indicated by stable funding rates and declining Binance market buy volume. Previous cycles experienced sharp spikes in funding rates leading to corrections, but the current trend suggests a more cautious and sustainable market behavior. Market buy volume has steadily increased since 2023, and long-term holders are not selling, indicating confidence in further price increases. However, analysts warn against excessive optimism, noting that Bitcoin may still be distant from a true supply shock. As of now, BTC is trading at $102,393, down 1.4% in the last 24 hours.
