Bitcoin Network Activity Is Holding Up Despite Price Pressure

Active addresses continue to trend higher, with daily participation now consistently above the levels seen earlier in 2025. This is happening even as price remains under pressure and volatility has cooled.

That divergence matters. Rising on-chain activity during consolidation usually reflects continued usage, settlement, and repositioning — not demand collapse. It suggests participants are staying engaged with the network rather than exiting it.

In past cycles, prolonged drops in active addresses signaled deeper bear phases. For now, the data points to resilience at the network level, even while the market works through macro and liquidity headwinds.

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