CryptoQuant Analyst: On-Chain Transaction Volume Rises Moderately, No Significant Selling Pressure Detected in the Market

Odaily Planet Daily News: CryptoQuant analyst Axel posted on X, stating that over the past two days, the network’s average daily transaction volume has increased from 340,000 to 364,000 transactions, an uptick of about 24,000. However, this level is still below the 2023-2024 peak range of 530,000 to 666,000 transactions. Currently, holders are responding calmly to the price increase, with no significant selling activity observed, which further strengthens the market’s bullish fundamentals and technical signals.