According to Foresight News, CryptoQuant analyst Axel Adler Jr has shared insights on the current state of the cryptocurrency exchange (CEX) market. Adler Jr noted that when filtering out noise and focusing on trading volume, the market appears to have entered a 'HODL mode,' indicating a cooling trend. The activity pressure is rated at 9, which is considered a low level, suggesting reduced trading activity. The current average total volume, combining inflows and outflows, stands at 70,000 units, a significant decrease from the peak of 266,000 units observed in March 2024
source: https://www.binance.com/en/square/post/30152711941402?utm_source=BinanceNewsRSS