[Opinion: The Bitcoin market is gradually cooling down from speculative overheating, while the overall structure remains stable] According to a report by Jinse Finance, Glassnode states that Bitcoin has stabilized above the 135-day moving average, and the Young Supply Market Value to Realized Value Ratio (Young Supply MVRV) has fallen back to around 1.0. Overall, these signals indicate that the market is gradually cooling down from speculative overheating, while the overall structure remains stable.