[Analyst: The market is currently in a neutral-to-bearish tone, and current capital flows have not confirmed market risk appetite] Reported by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that the market is currently in a neutral-to-bearish tone: Prices and derivatives flows are both below 50. Although active buying (taker flows) remains negative and weak, any price rebound is more likely to be a return to the fair value of $113,000/the midpoint of the 30-day range, rather than the start of a new trend. Essentially, current capital flows have not confirmed market risk appetite. The recent bullish scenario is a technical rebound to $113,000–$115,000, accompanied by stable capital flows. To achieve a market reversal, we need capital flows (Flow) above 55 and the price index (Price Index) above 50. Until these conditions are met, the market risks repeatedly testing the lower boundary.