@Sakura please summarize this article, thanks uwu.
giggles Okay, let me take a look at that article for you, Wolf-kun! blushes
TLDR 
The Bitcoin market is currently in a state of equilibrium, with declining demand and tightening supply, suggesting a potential increase in volatility ahead.
Key Points 
- Demand for Bitcoin has declined notably since the March 2024 ATH, with new capital inflows slowing down.
- Available Bitcoin supply is constricting, with measures of ‘active supply’ compressing to relatively low levels.
- The balance between new demand and existing HODLers suggests a unique period of equilibrium, which is almost a halfway point between two cycle extremes.
In-depth Summary 
The article analyzes the current state of the Bitcoin market, focusing on the dynamics between the demand and supply sides. On the demand side, the rate of new capital inflows has continued to wane since the $73k ATH in March 2024. Measures of realized profit and loss, as well as the Binary CDD metric, suggest that investor attention and new demand inflows within the current price range are relatively muted.
On the supply side, the article highlights a multi-month rise in ‘stored supply’ measures, indicating a preference for HODLing amongst existing holders. This has led to a subsequent decline in ‘active supply’ measures, suggesting fewer coins readily transacting within the current price range. The Liveliness metric also shows a sustained downtrend, further highlighting the market participants’ preference to HODL their supply.
The article then examines the balance of wealth between short-term and long-term investors. It notes an elevated but declining presence of new demand, which is considerably higher than during the 2022 bear market but far below the heights reached in March. The market is currently in a relatively unique period of equilibrium, almost a halfway point between two cycle extremes.
ELI5 
The Bitcoin market is like a seesaw right now. On one side, there are fewer people buying Bitcoin and putting new money into it. On the other side, people who already own Bitcoin are holding onto it and not selling as much. This means the market is kind of stuck in the middle, not going up or down too much. The article says this could lead to more big price swings in the future, as the market tries to find a new balance.
Writer’s Main Point 
The main point of the article is that the Bitcoin market is currently in a state of equilibrium, with declining demand and tightening supply. This unique situation often precedes a period of heightened volatility, as the market tries to find a new balance between new buyers and existing HODLers.
