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

ChainCatcher news, CryptoQuant analyst Axel posted on platform X that the average daily trading volume on the network has increased from 340,000 to 364,000 transactions over the past two days, an increase of about 24,000 transactions. However, this level is still below the peak range of 530,000 to 666,000 transactions during 2023-2024. Currently, holders are responding calmly to the rise, with no significant selling behavior observed, reinforcing the bullish signals from both the market fundamentals and technical aspects.