[Analyst: The market is currently showing a negative volume divergence, essentially reflecting insufficient market liquidity] According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that after the market reached its last all-time high (ATH), on-chain transaction volume showed a relatively high trend of $62 billion, while the spot and futures trading volume on centralized exchanges (CEX) was only $41 billion. This situation is extremely rare in the market. In addition, there is currently a negative volume divergence: prices are rising, but trading volume is decreasing, essentially reflecting thin liquidity.