Bitcoin Metrics Flash Bullish: $150K Target in Sight as Overheating Fears Fade

Bitcoin's price action still isn't triggering overheated alarms—and top analysts say the runway to $150k remains wide open.

Key metrics defy 'bubble' chatter

Network fundamentals and institutional flows suggest this rally has legs. Even after 2025's 280% surge, the NVT ratio sits comfortably below historic danger zones. Meanwhile, Coinbase premiums show whales are accumulating—not dumping.

Wall Street's FOMO meets crypto's reality

Traditional finance keeps waiting for a 'healthy correction' that never comes. Newsflash: Bitcoin doesn't care about your 60/40 portfolio strategy. The asset's 90-day volatility now sits lower than Netflix stock—but try telling that to a CNBC anchor.

The cynical take? Banks will launch 'digital asset advisory' services right as retail piles in at the top. Again.

Bitcoin Price At Critical Levels, More Gains On The Horizon

Following a major upside push from below $100,000, the bitcoin price broke a persistent downtrend and managed to hit a fresh all-time high close to its current levels. As mentioned, a report from on-chain analytics firm Glassnode claimed an increase in profit taking from short-term holders.

As these players exited the market, taking over $3.5 billion in profits in just 24 hours, the Bitcoin price lose steam and began moving sideways. While Bitcoin has been on a violent bull run, there are still fears of a major pullback from the $118,000 area to the support zone at around $110,000.

However, a report from CryptoQuant, with data from top analyst Crypto Dan, suggests that the bitcoin bull run still has some room for another leg up. As seen in the chart below, the current BTC market is nowhere near the overheated levels recorded in March and December of 2024.

The CryptoQuant post stated the following, sharing an insight from crypto Dan:

(…) unlike in March and December 2024, on-chain data indicating market overheating shows that the market still hasn’t reached an overheated state.

Despite the price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin could continue to break all-time highs and rise significantly in the second half of 2025, leaving strong potential for growth.

Bitcoin Bull Run Far From Over?

In this context, and if bulls are able to sustain the momentum, Bitcoin is likely heading for higher. As NewsBTC covered earlier, a prediction from a top analyst claims that the levels of BTC adoption are unprecedented.

As such, the analyst said that the ‘real Bitcoin move’ is only about to begin. The analyst stated:

I have a high degree of confidence that we’ll see $400k by the end of this year. This target might be too conservative.

Cover image from ChatGPT, BTCUSD chart from Tradingview