宏观环境中性 未现明确趋势

Macro market conditions remain neutral, according to Cryptoquant analyst Axel Adler Jr. The MOVE index has slightly increased, while the U.S. Dollar Index continues to support risk sentiment. The yield curve for 2-year and 10-year Treasuries remains stable, with no notable changes in real yields.

Equities are showing localized risk-off signals, with the S&P 500 down 0.98%. Overall market posture stays balanced, reflecting moderate risk levels (5/10), with no clear directional trend emerging yet.