Record Activity On Bitcoin Raises Hopes For A Stronger Bull Run

Bitcoin records a record of activity on its network, crossing a new milestone. According to data from CryptoQuant relayed by analyst CryptoOnchain, the average volume of confirmed transactions now reaches 540,000 per day. This resurgence of use, driven by protocols like Ordinals and Runes, occurs in an uncertain market context, where fundamental signals take precedence over announcements.

An unprecedented activity peak on the Bitcoin network

According to an analysis published by analyst CryptoOnchain on the CryptoQuant platform, the Bitcoin network has recorded an unprecedented surge of activity since the beginning of the year, while the mining difficulty reaches a historic record.

The number of daily transactions, measured through the 14-day moving average (SMA-14) of the Transaction Count, has reached a record of 540,000 confirmed transactions.

In its publication, the analyst highlights that “this recent increase in network activity could have significant effects on the asset price trajectory”. This type of signal, rarely incidental, is generally associated with an increase in fundamental demand for the protocol.

CryptoOnchain identifies several technical factors that could explain this surge in the number of transactions. Among them are :

• The comeback of protocols like Bitcoin Ordinals, which allow the inscription of digital content directly on the blockchain, thereby increasing the volume of non-financial transactions ;
• The emergence of Runes, a system enabling the creation of fungible tokens on bitcoin, indirectly competing with standards of other blockchains ;
• Increased use of the network by real use cases, indicating deeper and less speculative adoption.

In other words, this activity does not merely reflect an opportunistic volume increase, but a real and diversified intensification of Bitcoin network usage. This transaction peak therefore marks a potential break in the current cycle, which could redefine the interpretation dynamics of on-chain data for the coming weeks.

A bullish alignment between fundamentals and market price

The most important element of the analysis may lie in the observation of a bullish convergence between the rise in on-chain activity and the bitcoin price movement.

According to CryptoOnchain, “the price rally observed since July is this time supported by a real increase in network activity”, which constitutes a break from previous cycles.

In the past, price increases often occurred without fundamental support, a typical divergence of bull markets fueled only by speculative euphoria. This is no longer the case today, according to the analyst, who sees in this crossover a “strengthening of the credibility of the current bullish trend”.

This alignment between fundamental metrics and price evolution places market participants before a paradigm shift. Where signals were once noisy and poorly correlated, they now appear more coherent and potentially indicative of a new phase in the cycle.

That does not mean, however, that the ascent is guaranteed. CryptoOnchain stresses that “maintaining this high activity is essential for price momentum to continue”. In other words, without continuity in on-chain demand, the current momentum could quickly fade.

Beyond technical analysis, this convergence opens the way to broad strategic perspectives. It suggests that investors, whether institutional or retail, should pay increased attention to on-chain metrics. If transaction activity remains sustained, it could lay the foundations for a more durable and structural bullish movement, less vulnerable to sharp corrections and more rooted in the reality of the network.