CryptoQuant Analyst: On-chain volume is rising moderately, and there are no obvious signs of selling pressure in the market.

Odaily News CryptoQuant analyst Axel posted on the X platform that the average daily trading volume on the network rose from 340,000 to 364,000 transactions in the past two days, an increase of approximately 24,000 transactions. However, this level is still below the peak period of 530,000 to 666,000 transactions in 2023-2024. Currently, holders are responding calmly to the rise, with no significant selling behavior observed, which strengthens the bullish signals in both the market fundamentals and technical aspects.

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