CryptoQuant’s data, highlighted by analyst Axel on social media, indicates a cautious backdrop for the crypto market, as both market sentiment and on-chain structure align toward weakness. The analysis shows short-term holders are already in the red, and several key support levels have shifted into resistance, suggesting looming headwinds for near-term valuations. Traders should monitor liquidity taps and risk-off moves as the confluence of sentiment deterioration and on-chain signals reinforces a selective risk posture. While data remain non-committal on a durable trend, the alignment of these metrics underscores the importance of disciplined risk controls and sector-leading indicators for informed positioning.
Source: https://en.coinotag.com/breakingnews/on-chain-signals-point-to-market-weakness-short-term-holders-in-loss-as-key-supports-flip-to-resistance-cryptoquants-axel
