Bitcoin's new all-time high has traders asking: Is BTC price overheating at $111K?

Key takeaways:

• Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating.

• Funding rates and other metrics suggest a “healthy upward phase.”

Bitcoin’s (BTC) price recorded a new all-time high of $111,970  on May 22. However, BTC price retraced shortly after to trade at $110,700 at the time of writing.

Despite the correction, there are mixed signals about whether the...