According to news from BiJie.com, CryptoQuant analyst Axel Adler Jr tweeted that, "Despite Bitcoin reaching an all-time high, BPT remains at a moderate high of 2.56 (below the local peak of 3.57), which means that for the current cycle, this is a warm temperature, but there are no obvious signs of overheating yet. The price remains above the 4-year moving average and its +2σ (green), confirming a bullish trend. The main risk is the typical correction within the rising trend, and a later signal will appear when BPT accelerates above 3.0."

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