Bitcoin has reached a new all-time high, yet the market remains stable, according to CryptoQuant analyst Axel Adler Jr. The Bitcoin Price Temperature (BPT) is currently at 2.56, indicating a 'warm' market without signs of overheating. This level is below the previous local peak of 3.57, suggesting a continued bullish trend. The price is above the 4-year moving average and its +2σ, reinforcing the positive outlook. However, a typical correction could occur if the BPT accelerates beyond 3.0, signaling potential market adjustments.