Number of transactions (30-day moving average (MA)) on Bitcoin (Bitcoin) The blockchain has exploded over the past three weeks, hitting a 17-month peak on April 10.
number Bitcoin Transactions (30D MA), which shows the total number of confirmed transactions across the chain daily, had risen to 514,758 at press time. As such, the number of coefficients (30D MA) for Bitcoin It retested the same level as it was in mid-December 2024, according to Metrics from Vitreous node.
Additionally, this on-chain metric rose above the level it was in mid-September 2025, right before Bitcoin’s price surged to an all-time high (ATH) in the subsequent days. It is worth noting that seamless network usage rose to the highest level in 2026, indicating a potential bull market in the near term.
Bitcoin on-chain activity rises amid bullish sentiment
The rise in on-chain activity on the Bitcoin network coincided with bullish sentiment for BTC. The major coin has risen more than 8% in the past seven days, trading at around $72,880 at press time. As a result, digital assets added $8.1 billion to their market value over the past 24 hours, reaching about $1.5 trillion on Friday, according to Data From Feinbold.
Although Bitcoin activity is retesting its 17-month high, its price remains at 42% of ATH. Bitcoin’s renewed activity has been stimulated by easing geopolitical tensions, particularly in the Middle East, Feinbold said. I mentioned Earlier this week.
However, if Bitcoin activity slows and declines in the coming days, Bitcoin price could form a potential bullish trap. Furthermore, liquidity flows into Bitcoin have remained relatively low, as has Finebold maleDespite the good recovery in exchange-traded funds (ETFs) led by BlackRock’s IBIT.
