CryptoQuant: The current monthly average traffic of altcoin transactions is lower than the annual average, which may indicate the potential for price increases

CryptoQuant analyst Axel Adler Jr stated that as of June 27th, the average monthly trading traffic of altcoins was $1.6 billion, lower than the average annual level of $2.5 billion. This moderate flow indicates that assets may be in the consolidation stage, accumulating potential for the next round of altcoin season's rise. From the chart, the green circles indicate the periods when monthly traffic fell below $1.6 billion, including early 2023, the second half of 2023, and August to September 2024. At these stages, lower transaction traffic typically precedes a significant increase in the price of altcoins.