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Galaxy Research Director: From a fundamental perspective, the market is not overheated.
BlockBeats news, on November 8th, BTC set a new historical high multiple times this week, but did not show any signs of "overheating." Several analysts pointed out that some fundamental factors indicate that BTC may further pump. "From a fundamental perspective, the market does not appear overheated," said Galaxy research director Alex Thorn in the market report on November 7th. Aurelie Barthere, an analyst from the encryption analysis company Nansen, expressed a similar view. "BTC breaking through historical highs under high trading volume is a clear signal of continued positive momentum after the election," Barthere explained in the market report on November 7th. Barthere pointed out that after Donald Trump won the U.S. presidential election on November 5th, traders began to "take risks again," which has been reflected in the recent pump trend in the encryption market. (Cointelegraph)