Nexo Token Buying Volume Increases as Institutional Investors Return

Institutional investors, whales, and high-net-worth individuals are re-entering the market for the NEXO token. This shift follows a long period of selling pressure. CryptoQuant on-chain data shows a strong increase in buying volume for NEXO. Taker purchases increase before or on the same time as price increases. This buying pressure is driven by a reason: the Nexo platform allows users to borrow fiat currency or stablecoins by providing collateral without assets being sold. CryptoQuant analysis indicates a weakening in selling pressure across the broader crypto market. Altcoins with higher volatility have recorded increases of up to 20%. Bitcoin surpassing $75,000 is an important signal for the market.