According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr. wrote on the X platform that while the current market price is rising, the risk for long-term holders (LTH) continues to decline. This is because expensive short-term holders (STH) are gradually maturing and transferring into the LTH group, pushing up the LTH realized price. This has prevented a significant increase in LTH MVRV, thereby reducing normalized risk. He pointed out that this is a healthy profit reset and a good market structure, which means that as new funds absorb the selling pressure of old holders, the market trend may continue.