{"id":79600,"date":"2026-04-07T04:33:17","date_gmt":"2026-04-07T04:33:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=79600"},"modified":"2026-04-07T04:33:17","modified_gmt":"2026-04-07T04:33:17","slug":"bitcoin-network-activity-jumps-higher-will-btc-prices-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=79600","title":{"rendered":"Bitcoin Network Activity Jumps Higher, Will BTC Prices Follow?\u00a0"},"content":{"rendered":"<div>\n<p>Bitcoin network activity \u201cjust snapped higher after months of decline,\u201d reported CryptoQuant on Monday. The blockchain analytics provider\u2019s index tracks addresses, transactions, UTXOs, and blockspace demand.<\/p>\n<p>It noted that the daily Bitcoin transaction count is now around 615,000, which is the highest since November 2024.\u00a0It added that this shift is happening while BTC fees remain relatively low, \u201cso part of this activity spike may be operational, not just organic demand.\u201d<\/p>\n<p>Low-fee environments make it cheaper for exchanges, custodians, and large holders to consolidate UTXOs, rebalance wallets, and reshuffle funds on-chain, stated CryptoQuant.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin network activity just snapped higher after months of decline.<\/p>\n<p>The CryptoQuant Network Activity Index is rebounding: tracking addresses, transactions, UTXOs, and blockspace demand.<\/p>\n<p>What\u2019s happening? Let\u2019s dive in <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f447.png\" alt=\"\ud83d\udc47\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/KXgOsTeF03\">pic.twitter.com\/KXgOsTeF03<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2041213228454130077?ref_src=twsrc%5Etfw\">April 6, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Exchange Volumes Remain Low<\/h2>\n<p>So this uptick in activity may not be directly related to price action, which remains weak.\u00a0Meanwhile, Glassnode <a href=\"https:\/\/x.com\/glassnode\/status\/2041169947221430357\">reported<\/a> on Monday that the recent breakout follows a period of compression and \u201csignals a renewed attempt to challenge overhead resistance.\u201d<\/p>\n<p>However, declining exchange volume suggests participation remains relatively light, \u201cpointing to a recovery that is constructive but not yet fully confirmed,\u201d it added.<\/p>\n<p>Santiment took a look at social sentiment, <a href=\"https:\/\/x.com\/santimentfeed\/status\/2041175729795420435\">noting<\/a> that the crowd believes that this rally is likely to continue, posting the third-highest \u201cgreed score\u201d in around three months.<\/p>\n<blockquote>\n<p>\u201cWith optimism high, remember that markets typically move opposite to the crowd\u2019s expectations.\u201d<\/p>\n<\/blockquote>\n<p>At the time of writing, the crypto Fear &amp; Greed Index had fallen back to \u201cextreme fear\u201d at 11, where it has been for the past couple of weeks.<\/p>\n<p>Permabull \u2018Sykodelic\u2019 remained ever the optimist, <a href=\"https:\/\/x.com\/Sykodelic_\/status\/2041275003875025336\">commenting<\/a> on Tuesday that Bitcoin has been putting together a \u201ctextbook high-time-frame expanded flat reversal pattern.\u201d<\/p>\n<blockquote>\n<p>\u201cIf we reclaim $74,400 on the weekly, the correction is over, and it very likely won\u2019t look back again, whether or not it sweeps $60k,\u201d they said.<\/p>\n<\/blockquote>\n<h2>BTC Price Outlook<\/h2>\n<p>Bitcoin <a href=\"https:\/\/cryptopotato.com\/bitcoin-neared-70k-ethereum-reclaims-2-1k-level-market-watch\/\">tapped<\/a> $70,000 in late trading on Monday before retreating to $68,500 during the Tuesday morning Asian trading session.\u00a0BTC remains stuck in a two-month range-bound channel, and geopolitical headlines, good or bad, seem to have very <a href=\"https:\/\/cryptopotato.com\/5-things-that-could-move-crypto-markets-in-the-week-ahead\/\">little impact<\/a> on it.<\/p>\n<p>Bitcoiner Scott Melker <a href=\"https:\/\/x.com\/scottmelker\/status\/2041247703078686842\">said<\/a> if history is any guide, this sideways inactivity could easily stretch another hundred days, \u201cor resolve lower and reset the entire process.\u201d<\/p>\n<blockquote>\n<p>\u201cThere\u2019s no telling where the bottom will be, but the consensus still feels like it\u2019s leaning lower \u2013 and if price follows, those expectations will just keep shifting down with it.\u201d<\/p>\n<\/blockquote>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-network-activity-jumps-higher-will-btc-prices-follow\/\">Bitcoin Network Activity Jumps Higher, Will BTC Prices Follow?\u00a0<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin network activity \u201cjust snapped higher after months of decline,\u201d reported CryptoQuant on Monday. The blockchain analytics provider\u2019s index tracks addresses, transactions, UTXOs, and blockspace demand. It noted that the daily Bitcoin transaction count is now around 615,000, which is the highest since November 2024.\u00a0It added that this shift is happening while BTC fees remain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-79600","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79600"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79600\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}