Average Daily Bitcoin Network Transactions Rise from 340,000 to 364,000 as Holders Remain Calm Amid Market Uptrend
According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that over the past two days, the average daily number of transactions on the Bitcoin network increased from 340,000 to 364,000, an uptick of 24,000 transactions. Although the current figure of 364,000 is still significantly below the peak levels seen in 2023–2024 (ranging from 530,000 to 666,000 transactions), it indicates that holders are responding calmly to the current market rally, with no signs of active selling pressure. This strengthens the bullish outlook from both fundamental and technical perspectives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
