Despite the high volatility in altcoin prices, the number of transfers made by investors to exchanges has not yet increased, and there is currently no significant selling pressure in the market.
Current data shared by crypto analyst Julio Moreno shows that there has been no increase in the total number of altcoin transfers to exchanges over the past 7 days. In previous periods, sharp increases in the number of transfers to exchanges were observed just before local peaks in altcoin prices. However, in the current situation, it is not possible to speak of such an increase.
While there is generally price fluctuation in the market, investors prefer to wait rather than sell their assets. This situation can be interpreted as the expectation for a rise in altcoins has not yet ended. In the past, a high volume of altcoin transfers to exchanges by investors was perceived as a precursor to selling preparations, but this signal has not yet emerged.
According to historical data, sudden increases in altcoin transfers to exchanges typically lead to sharp declines shortly thereafter. Therefore, investors need to carefully monitor exchange inflow and outflow transactions in the upcoming period. If altcoin inflows to exchanges rise rapidly, a sharp wave of selling may begin in the market, and price corrections could be observed.
