The crypto market is showing signs of an early equilibrium between recovering demand and moderate selling pressure, according to CryptoQuant analyst Darkfost. Profit-taking by short-term holders has caused a slight increase in selling, but on-chain UTXO spending has not risen significantly. Darkfost said investors remain relatively calm overall, with no signs of large-scale panic selling. The assessment points to a market balancing early demand recovery against persistent, but still contained, sell-side pressure.