Bitcoin Bull Market Is “Overheated” – What Does It Mean?Demand for Bitcoin is at an all-time high. , on March 1, there was a net inflow of 54,600 BTC into Bitcoin hoarding addresses, which only receive Bitcoin without spending any money. With this amount, the record for the highest single-day attendance was broken.However, the rapid rise in prices has led some indicators to point to an overheating phase. The Bitcoin Bull and Bear Market Cycle Indicator suggests an overheated bull phase when the price reaches $60,000. This phase is often referred to as the "red zone" and is often associated with a potential market decline.Furthermore, Bitcoin miners are currently grossly overpaid, indicating that things are overheated. Paying exorbitant fees to miners often leads to increased selling pressure in the market, which can lead to a price correction. If you like spot goods and have them in Tun, nod your head and follow Tianya. I have gathered the bull market strategy deployments of multiple powerful bloggers and shared them with all fans for free. Currently, they are open to fans for free.I need fans, you need referencesThere are usually daily contract contracts and position management.
