分析师：需求复苏萌芽与适度抛压并存，加密市场处于早期平衡状态

Odaily News, CryptoQuant analyst Darkfost stated that despite a slight increase in selling pressure from short-term holders taking profits, on-chain UTXO (Unspent Transaction Output) spending has not grown significantly, and investors overall remain relatively calm with no signs of large-scale panic selling. He noted that the current market is in an early equilibrium between budding demand recovery and sustained but not excessive selling pressure.