Cryptoquant analyst Axel Adler Jr released a market analysis stating that the macro market environment is generally neutral: although the MOVE index has slightly rebounded, the US dollar index still supports risk appetite, and the yield curve shape of 2-year and 10-year US Treasury bonds remains stable, with no fluctuations in real yields. However, the stock market is signaling localized risk aversion (S&P 500 index down 0.98%), so the current market pattern remains balanced, with a moderate risk level (5/10) and no clear trend direction yet.