Cryptocurrency analyst Ja Maartun highlighted the key developments of the crypto market in his latest statement.
According to Maartun, relocations to Altcoin have increased significantly recently. The seven-day trading count exceeded 45,000, reaching its highest level since the end of 2024.
The momentum came shortly after Bitcoin exceeded $112,000, said development showed investors were looking at altcoins again.
“Bitcoin has remained sideways with no major changes in exchange inflows over the past few months. There is a strong signal that investors are now preparing to reposition themselves,” the analyst said.
Maartun said this increase in Altcoin transfers indicates that users are moving their assets to not only keep them on the exchange but also engage in active transactions. He added that this could mean selling via Stablecoin purchases or preparing for a new purchase. Market direction determines how these transactions work.
*This is not investment advice.
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