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Bitcoin's Market: Hot But Not Overcrowded

Mildly Bullish With A Chance Of Exuberance

Ecoinometrics

Nov 18

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This was not a fluke following the US election results. As I write these lines, Bitcoin is hovering around the $90,000 level with ease.

Based on the current dynamic, this doesn't look like a top. The Bitcoin market is getting hot but not bubbly hot.

Let's take a look at the situation.

The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions.

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Bitcoin's Market: Hot But Not Overcrowded

The Takeaway

Bitcoin's push toward $90,000 shows strength while maintaining stability. Our market regime analysis places us in a mildly bullish phase, characterized by steady growth without extreme volatility.

While Bitcoin briefly touched overbought territory last week, ETF flows quickly stabilized, suggesting the market isn't overcrowded. Current ETF demand remains strong, and broader economic conditions support this momentum.

However, investors should stay alert for signs of market exuberance, which typically precedes increased volatility.