Bitcoin Network Activity Hits New 2025 Peak — What This Means For Price

The price of Bitcoin has had a mixed performance over the past week, falling beneath the $115,000 mark at the start of the ￰0￱ the premier cryptocurrency made a play for $118,000 following the Federal Reserve’s decision to cut interest rates, the BTC price is now back to around where it started the week. However, the latest on-chain data suggests that a stronger price performance is not too far in Bitcoin’s future. On-Chain Transactions On The Rise In a Quicktake post on the CryptoQuant platform, market analyst CryptoOnchain published that there has been a notable uptick in activity on the Bitcoin ￰1￱ on-chain pundit shared that this recent surge in network activity could have significant effects on the price trajectory of the world’s largest ￰2￱ Reading: Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot CryptoOnchain based this report on the Transaction Count metric, which tracks the number of confirmed transactions on a blockchain network (Bitcoin, in this case) at a given ￰3￱ to the analyst, the 14-day Simple Moving Average (SMA-14) of the cryptocurrency’s transaction count surged to as high as 540,000, marking a peak level for the year ￰4￱ highlighted by CryptOnchain, a surge in a network’s transaction count typically suggests a significant increase in the fundamental demand and network ￰5￱ pundit also explained that this demand may have been amplified by protocols such as Bitcoin Ordinals and ￰6￱ Demand Meets Bullish Momentum According to CryptoOnchain, the notable thing about this on-chain development is the bullish convergence between the metric and Bitcoin’s price since ￰7￱ online pundit pointed out that, unlike previous periods of divergence, the current broader price rally is supported by a spike in network ￰8￱ of this aforementioned “bullish convergence”, the credibility of an uptrend can be further strengthened, as it is not just a result of pure ￰9￱ anything is to be expected in the days to come, it is that Bitcoin’s price action will reflect a strong bullish ￰10￱ important advice as a parting note, CryptoOnchain explained that further price momentum hinges on the sustenance of the currently high on-chain ￰11￱ a result, the on-chain activity should be closely watched when making decisions in the ￰12￱ of this writing, Bitcoin is valued at about $115,744, reflecting an over 1% decline in the past 24 ￰13￱ the market leader seems to be under a slight bearish pressure, a broader look shows that BTC is only stuck in a consolidation ￰14￱ to data from CoinGecko, the flagship cryptocurrency has barely changed in the past ￰15￱ Reading: $1 Million Bitcoin Is Coming: Arthur Hayes Says Fed Just Pulled The Trigger Featured image from iStock, chart from TradingView