Bitcoin · Decrypt
Bitcoin Network Activity Is Rising as BTC Falls Nearly 50% Below Peak Price: CryptoQuant
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Transaction counts on the Bitcoin network are climbing despite the top crypto asset trading nearly 50% from its all-time high price of $126,080.
Key facts
- Transaction cohorts of less than 0.01 BTC and less than 0.001 BTC have each seen a sizable uptick, collectively representing around 80% of daily transactions—up from 44% in 2023, according
- Transaction counts on the Bitcoin network are climbing despite the top crypto asset trading nearly 50% from its all-time high price of $126,080
- Data gathered by crypto analytics firm CryptoQuant indicates that network activity has been steadily rising since January 2026, and recently reached its highest level since late 2024, now sitting 7%
- Usage has spiked to near-record levels in 2026,” the analytics firm wrote, highlighting Bitcoin NFT activity and time-stamping services among other OP_RETURN uses
Summary
Activity on the Bitcoin network has been trending up, reaching levels not seen since 2024. But while transaction counts are growing, the value of the transactions is relatively small. Bitcoin transactions of less than 0.01 BTC and 0.001 BTC now make up around 80% of the total network activity. Data gathered by crypto analytics firm CryptoQuant indicates that network activity has been steadily rising since January 2026, and recently reached its highest level since late 2024, now sitting 7% below its all-time high activity levels recorded in September 2024.