Cryptocurrency analytics company CryptoQuant has published a new analysis indicating that the markets have entered a critical period.
According to the company’s assessment, following the negative trend seen in the first quarter of the year, the crypto market is approaching a “breaking point,” with a noticeable weakening in selling pressure.
The analysis added that Bitcoin surpassing the $75,000 level again is an important signal for the market. During the same period, altcoins with higher volatility recorded increases of up to 20%. Although overall market sentiment remains cautious, it was stated that ETF inflows, a potential FED policy shift, institutional adoption, and tokenization trends could trigger a new upward wave.
According to CryptoQuant’s on-chain data, a notable turnaround is occurring, particularly on the NEXO side. Following a long period of market selling pressure, a strong increase in buying volume has been observed again. According to the analytics company, this indicates that buyers in the market have become more aggressive and are more willing to take positions at current prices.
The analysis noted that the increase in taker purchases generally occurs before or simultaneously with price increases, indicating strengthening investor confidence. It was also stated that this buying pressure was not limited to individual investors; it signaled the re-entry of whales, institutional investors, and high-net-worth individuals into the market.
On the other hand, it was noted that the financial model offered by the Nexo platform also increased investor interest. The platform allows users to borrow fiat currency or stablecoins by providing collateral without selling their assets.
*This is not investment advice.
