PANews reported on August 14th that CryptoQuant analyst Axel Adler Jr. tweeted that despite Bitcoin hitting a new all-time high, the Bitcoin Percentage Point (BPT) remained at a moderately high level of 2.56 (below the local peak of 3.57), indicating a "warm" temperature for the current cycle, but not yet showing clear signs of overheating. The price remained above the 4-year moving average and its +2σ (green) line, confirming the bullish trend. The main risk is a typical correction in the uptrend, which would be signaled later when the BPT accelerates above 3.0.