Ethereum on-chain transfer count refreshes 1.17 million times, market volatility signals emerge

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According to on-chain data platform CryptoQuant, the average daily transfer count of Ethereum (14-day moving average) has reached 1.17 million. This data point has historically appeared near key market turning points—such as during the 2018 bear market bottom and the 2021 price peak—where similar surges in on-chain activity were observed.

Historically, surges in Ethereum transfer volume often coincide with market sentiment shifts. When on-chain transaction activity reaches such intense levels, it typically indicates that large holdings are being reallocated, which may signal upcoming increases in price volatility or that market participants are adjusting their distribution of holdings. Analysts note that a transfer volume of 1.17 million reflects high activity among market participants, and such high-frequency interactions are often accompanied by rising market risks.

Currently, Ethereum’s real-time price hovers around $2,070, with a 24-hour decline of 0.70%. In this market environment, the surge in on-chain transfer numbers warrants close attention, as it may reflect early positioning by market participants ahead of potential volatility. Investors should monitor this indicator closely along with corresponding market risk signals.

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