Analyst: The overall macro market environment is neutral, and there is currently no clear trending direction.

Cryptoquant analyst Axel Adler Jr published a market analysis stating that the overall macro market environment is neutral: although the MOVE index has slightly rebounded, the dollar index continues to support risk appetite, and the yield curve of 2-year and 10-year U.S. Treasury bonds remains stable, with no fluctuations in real yields. However, the stock market is showing local risk aversion signals (the S&P 500 index fell by 0.98%), so the current market pattern remains in a balanced state, with a moderate level of risk (5/10), and no clear trending direction has emerged.