According to Milk Road, Bitcoin's latest climb to a new all-time high is occurring without the typical surge in funding rates and FOMO-driven market buys seen in previous cycles on Binance. Historically, such price rallies were accompanied by overheated funding rates and aggressive buying, which often led to sharp cooldown corrections (source: Milk Road on X, May 20, 2025). Currently, funding rates remain calm and buy volume is steady, suggesting a healthier market structure and potentially reducing the risk of immediate downside. Traders should closely monitor funding rates and volume trends for shifts that could impact short-term BTC price action.