Bitcoin Rallies Above $100,000 Without Signs of Overheating

The recent Bitcoin (BTC) rally has seen the price rise from $74,508 on April 6 to over $100,000, presenting a more stable market behavior compared to previous cycles.

Key Observations

Current rally lacks overheating indicators, unlike last year's cycle marked by sharp spikes in Binance market buy volume and funding rates.
Previous bull runs were characterized by excessive bullish leverage leading to corrections; current conditions show stable funding rates.
Market buy volume has been trending upwards since 2023, indicating favorable buying sentiment.
Long-term holders are not selling, suggesting expectations for further price increases.
Current BTC price is $102,393, down 1.4% in the last 24 hours.

Outlook

Analysts suggest that while there are positive signs for a new all-time high (ATH), caution is advised as Bitcoin may still be far from experiencing a true supply shock.