Analysts see signs of $BTC market overheating as US elections approach.
Currently, 98% of Bitcoin wallets are in profit, which often leads to increased sales.
Despite recent inflows into the Bitcoin ETF, the price has failed to break through the $69,000 level and is showing subdued dynamics. Experts attribute the increase in demand to increased risk appetite in financial markets and concerns about the growing US budget deficit. In such conditions, limited Bitcoin supply and seasonal trends may support the crypto market in the coming months.
