11-7-2025 – Bitcoin’s average daily network transaction volume has increased from 340,000 to 364,000 over the past two days, according to CryptoQuant analyst Axel Adler Jr. on the X platform. This uptick of roughly 24,000 transactions reflects growing network activity, though it remains below the 2023-2024 peak of 530,000 to 666,000 transactions.
The rise suggests renewed engagement with the Bitcoin network, potentially driven by improving market sentiment. Despite the increase, holders are showing restraint, with no notable selling pressure observed. Adler notes this stability aligns with bullish signals in both market fundamentals and technical indicators, pointing to a balanced market environment.
The absence of aggressive selling could indicate confidence among investors, especially after Bitcoin’s volatile swings earlier this year, including a high of $110,000. This development follows a period of subdued on-chain activity, as reported by analytics firms like Glassnode, which noted a shift toward institutional and large-scale transactions dominating the network.
While retail participation remains low, the current transaction volume growth could signal a broader re-engagement if sustained.
