CryptoQuant analyst: On-chain transaction volume has increased moderately, and there is no obvious sign of selling pressure in the market

Odaily News CryptoQuant analyst Axel posted on the X platform that the average daily transaction volume of the network has increased from 340,000 to 364,000 in the past two days, an increase of about 24,000. However, this level is still lower than the peak of 530,000 to 666,000 in 2023-2024. At present, holders have reacted steadily to the rise, and there has been no obvious selling behavior, which strengthens the bullish signals of the markets fundamentals and technical aspects.