Bitcoin Network Activity Rebounds, Daily Transaction Volume Hits Highest Level Since November 2024

On April 7, CryptoQuant reported that the Bitcoin network activity index has rebounded after months of decline, with daily transaction volume reaching approximately 615,000, the highest level since November 2024. This includes various metrics such as active addresses, transactions, and UTXOs. The analysis also pointed out that current Bitcoin fees remain low, suggesting that exchanges and large holders may be engaging in UTXO consolidation and fund restructuring. The surge in activity is partly attributed to operational behavior rather than purely organic demand.

BTC-1.19%
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