Galaxy Research Director: From a fundamental perspective, the market does not appear to be overheated

Bitcoin has repeatedly hit record highs this week, but it hasn't shown any signs of "overheating". Several analysts have pointed out that some fundamental factors indicate that Bitcoin may continue to rise. "From a fundamental perspective, the market does not appear overheated," Alex Thorn, director of research at Galaxy, said in a market report on November 7th. Aurelie Barthere, an analyst at crypto analysis firm Nansen, expressed similar views. "Bitcoin's breakthrough to historical highs under high trading volume is a clear signal of continued positive momentum after the election," Barthere explained in a market report on November 7th. Barthere noted that after Donald Trump won the US presidential election on November 5th, traders began to take risks again which was reflected in the recent upward trend in the crypto market.