Cryptoquant analyst Axel Adler Jr. released a market analysis stating that, based on today's Bitcoin price of $117,000, it is currently in the growth range between the "investor price median" ($92,000) and the "market sentiment alert level" ($139,000).

This indicates that buying behavior of market participants still has support: as long as the price remains above their psychological comfort zone, they are willing to hold or increase their positions.

At the same time, the market has not yet entered an excessively optimistic stage, meaning that Bitcoin still has room to rise without triggering serious overheating risks, with a target potentially reaching $139,000.