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CryptoQuant Analyst: On-chain transaction volume moderately increasing, no clear signs of selling pressure in the market
Summary: In a recent post on X platform, CryptoQuant analyst Axel stated that the average daily on-chain transaction volume has risen from 340,000 to 364,000 transactions over the past two days, an increase of approximately 24,000 transactions. However, this level is still below the peak of 530,000 to 666,000 transactions seen in 2023-2024. Currently, holders have ...
In a recent post on X platform, CryptoQuant analyst Axel stated that the average daily on-chain transaction volume has risen from 340,000 to 364,000 transactions over the past two days, an increase of approximately 24,000 transactions. However, this level is still below the peak of 530,000 to 666,000 transactions seen in 2023-2024. Currently, holders have reacted calmly to the rise, with no clear selling behavior observed, reinforcing bullish signals in the market's fundamentals and technicals.
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Link: CryptoQuant Analyst: On-chain transaction volume moderately increasing, no clear signs of selling pressure in the market [Copy]
