Highest 510,000 Transactions in 17 Months…Bitcoin Rebound Signal Detected

▲ Bitcoin (BTC) ©CoinReaders

Bitcoin network activity has surged to a 17-month high, raising the possibility that the market is entering the early stages of another upward cycle.

According to crypto media outlet Finbold on April 10 (local time), the daily number of Bitcoin (BTC) on-chain transactions (30-day moving average) increased to 514,758, reaching its highest level in approximately 17 months. This is on par with mid-December 2024 and similar to the period just before breaking the all-time high in September 2025.

This increase in transaction volume reflects a sharp expansion in network usage over the past three weeks. As on-chain activity has risen to its highest level since 2026, there is a perception in the market that this is an early sign of a healthy bull market. Indeed, in the past, similar transaction increases have been followed by price surges.

Prices are also showing a corresponding upward trend. Bitcoin has risen by approximately 8% over the past 7 days, trading around $72,880, and its market capitalization increased by $8.1 billion in a single day, reaching approximately $1.5 trillion. The easing of macroeconomic risks, such as reduced tensions in the Middle East, is analyzed to be a factor behind this upward trend.

However, despite the increase in network activity, the current price remains approximately 42% lower than its all-time high. Especially, although spot ETF inflows have partially recovered, the overall increase in liquidity is limited, leading to concerns that the strength of capital supporting price increases is insufficient.

The market views whether on-chain activity will be sustained in the coming days as a key variable. If the increase in transaction volume slows down, the recent rebound could potentially act as a bull trap. Conversely, if the current level of network activity is maintained, the analysis that it could lead to further upward momentum gains traction.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*