Bitcoin Network Activity Surges to Near-Record Levels Despite BTC Trading 50% Below All-Time High
By
Logan Hitchcock
2d ago· 2 min readenNews
Summary
Bitcoin network activity (transaction counts) is rising significantly despite BTC trading nearly 50% below its all-time high of $126,080. Data from CryptoQuant shows network activity has been climbing since January 2026, reaching its highest level since late 2024 and sitting just 7% below the all-time high activity recorded in September 2024. This marks the first positive activity regime since mid-2024, creating a notable divergence between rising on-chain activity and Bitcoin's ongoing bear market price action.
Source
bskyBitcoin Network Activity Surges to Near-Record Levels Despite BTC Trading 50% Below All-Time Highdecrypt.coKey quotes
· 3 pulledTransaction counts on the Bitcoin network are climbing despite the top crypto asset trading nearly 50% from its all-time high price of $126,080.
This above-trend reading has been sustained for several weeks and marks the first positive activity regime since mid-2024, contrasting sharply with Bitcoin's ongoing bear market price action.
Activity on the Bitcoin network is surging, CryptoQuant said, but it's not correlating with price movement for its native asset.
Activity on the Bitcoin network is surging, CryptoQuant said, but it's not correlating with price movement for its native asset.
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