Analyst: Bitcoin has been overbought since Trump's victory, and a stagnation in its rise is a normal phenomenon

ChainCatcher message, the CEO of cryptocurrency investment firm FRNT Financial Inc., Stephane Ouellette, stated, "Since Trump's victory, Bitcoin has been overbought, so the stagnation in its rise is a normal phenomenon, meaning that last weekend's market movement can hardly be considered a correction; we are simply back to the mid-levels of last week."

Data shows that since Trump's victory, a large amount of capital has flowed into U.S. spot ETFs directly investing in Bitcoin, with the assets of these products now reaching $107 billion.