CryptoQuant Analyst Observes Increase in Daily Network Transactions

According to Odaily, CryptoQuant analyst Axel reported on the X platform that the average daily network transaction volume has risen from 340,000 to 364,000 over the past two days, marking an increase of approximately 24,000 transactions. However, this level remains below the peak period of 2023-2024, which saw transaction volumes between 530,000 and 666,000. Currently, holders are responding calmly to the increase, with no significant selling activity observed, reinforcing bullish signals in both market fundamentals and technical aspects.