Bitcoin hits ATH but analysts see mixed signals on market overheating: Cointelegraph

Bitcoin reached a new all-time high (ATH) of $111,970 but retraced to $110,700, with analysts, including CryptoQuant's Crypto Dan, noting mixed signals. Despite some indicators of market overheating, such as funding rates, Crypto Dan believes Bitcoin is still in a healthy upward phase, with minimal profit-taking from whales. According to Cointelegraph, other data shows that profit-taking is subdued, suggesting the market remains positive, although RSI data indicates potential overbought conditions.