火星财经消息，5 月 29 日，CryptoQuant 分析师 Axel Adler Jr 在社交平台发文表示，衡量短期投资者链上花费代币时平均已实现盈亏的指标 STH SOPR（30 日移动平均线）近期触及局部高点，表明短期持有者已实现利润明显上升。 尽管如此，市场对代币的需求依然保持强劲，未影响当前的上涨趋势。该指标尚未达到此前重要价格高点时出现的狂热水平。

<div>火星财经消息，5 月 29 日，CryptoQuant 分析师 Axel Adler Jr 在社交平台发文表示，衡量短期投资者链上花费代币时平均已实现盈亏的指标 STH SOPR（30 日移动平均线）近期触及局部高点，表明短期持有者已实现利润明显上升。 尽管如此，市场对代币的需求依然保持强劲，未影响当前的上涨趋势。该指标尚未达到此前重要价格高点时出现的狂热水平。</div>

CryptoQuant 分析师：BTC短期持有者已实现利润达局部高点，但尚未达到过往牛市巅峰水平

<AXEL> Financial News, on May 29, a CryptoQuant analyst <AXEL> Adler Jr posted on social platforms that the STH SOPR (30-day moving average), which measures the average realized profit and loss of short-term investors when spending tokens on-chain, recently reached a local high point, indicating that short-term holders have significantly realized profits. Nevertheless, market demand for tokens remains strong and has not affected the current upward trend. The indicator has not yet reached the euphoric levels seen at previous important price highs.

<div>Mars Finance News, on May 29, OP analyst AXEL Adler Jr posted on social platforms that the STH SOPR (30-day moving average), which measures the average realized profit and loss of short-term investors when spending tokens on-chain, recently reached a local high point, indicating that short-term holders have significantly realized profits. Nevertheless, market demand for tokens remains strong and has not affected the current upward trend. The indicator has not yet reached the euphoric levels seen at previous important price highs.</div>

CryptoQuant analyst: BTC short-term holders have realized profits at a local high, but have not yet reached the peak level of the previous bull market

The recent market has been truly stagnant, with frequent fluctuations and erratic price swings, effectively eroding liquidity and leaving no clear direction.

Let's summarize what the top analysts are saying: During this period, resting is better than frequent trading. Maintaining your understanding is key; inaction is the best strategy.

Current Market Situation: High-Level Consolidation and "Washout"

- Current Market Situation: BTC is currently consolidating in the 85k-90k range, characterized by frequent "V-shaped" price swings (rapid up-and-down V-shaped reversals). Essentially, this is the main players clearing out high-leverage contracts and reaping profits from short-term traders.

- Supply and Demand Structure: Sellers are showing strength...

Market Overview | BTC

Are prediction markets simply well-packaged gambling, or a revolutionary innovation?

The debate seems to have strayed from the core issue.

This article, originally written by @0xJeff and translated and personally interpreted by @anymose, retains only the general meaning; for the original flavor, please refer to the original text.

01 When Risk is Packaged as Entertainment
The US is sliding into the abyss of "hyper-gambling": The market is flooded with sports betting apps optimized for teenagers, one-click prediction markets, and even absurd apps that use coin tosses to decide whether to double rent… Risk is blatantly packaged as entertainment, a sad reality.

Gambling has existed since ancient times:...

What are gamblers thinking?

The crypto market is heading into the final weekend of 2025, and before the new year begins, there are still opportunities for altcoins to grow further.

Leading the way is Pippin (PIPPIN), the following three altcoins are very promising...