[Analyst: The market is at a structural baseline level, with no signs of panic selling] According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that over the past month, the activity of 'old coins' has remained at a moderate level. The average coin age of tokens moved in a single day (ASOL) briefly rose to 245 days on October 8 and to 209 days on October 21, but these peaks are far below those seen in the spring and June—when the activity of long-term holders (old coin holders) significantly increased. The 30-day moving average remains around 111 days, indicating that the market is at a structural baseline level, with no signs of panic selling. Holders are not in a rush to cash out profits; moreover, as I mentioned in my Sunday Substack column, new liquidity continues to absorb tokens entering the market.