Greed

Solo

Bitcoin

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Tom Lee

Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a> network activity has surged to its highest level since November 2024, with daily transactions reaching roughly 615,000, though analysts warn the spike may reflect operational wallet management rather than genuine <a href="https://yellow.com/news/bitcoin-rally-thin-volume" rel="noopener noreferrer nofollow">buying demand</a>.
<h2 id="network-activity-rebounds">Network Activity Rebounds</h2>
CryptoQuant<a href="https://twitter.com/cryptoquant_com/status/2041213228454130077" rel="noopener noreferrer nofollow">reported</a> on Monday that its Network Activity Index — which tracks addresses, transactions, UTXOs, and blockspace demand — "just snapped higher after months of decline." The firm noted that fees remain relatively low despite the jump.
That detail matters. Low-fee conditions <a href="https://cryptopotato.com/bitcoin-network-activity-jumps-higher-will-btc-prices-follow/" rel="noopener noreferrer nofollow">make</a> it cheaper for exchanges, custodians, and large holders to consolidate UTXOs, rebalance wallets, and move funds on-chain.
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 CryptoQuant suggested the uptick may be partly operational rather than a sign of fresh organic demand.
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Glassnode offered a cautious read, noting the recent breakout follows a period of compression and "signals a renewed attempt to challenge overhead resistance."
But declining exchange volume points to light participation, a sign the recovery is "not yet fully confirmed."
Also Read:<a href="https://yellow.com/news/solo-bitcoin-miner-block-reward" rel="noopener noreferrer nofollow">Solo Miner Nets $210K Bitcoin Reward On Tiny Hashrate, Against 28,000-to-1 Odds</a>
<h2 id="sentiment-and-crowd-expectations">Sentiment and Crowd Expectations</h2>
Santiment flagged social sentiment as a potential contrarian signal. The crowd posted the third-highest "greed score" in roughly three months, reflecting broad belief that the rally will continue.
"With optimism high, remember that markets typically move opposite to the crowd's expectations," the firm warned.
The crypto Fear &amp; Greed Index, however, sat at 11 — deep in "extreme fear" — where it has remained for about two weeks.
<a href="https://yellow.com/news/bitcoin-targets-70000" rel="noopener noreferrer nofollow">BTC touched $70,000</a> in late Monday trading before sliding to $68,500 during the Tuesday morning Asian session. The token has traded in a two-month range-bound channel, and geopolitical headlines have had little visible impact.
Read Next:<a href="https://yellow.com/news/is-worst-over-stocks-tom-lee-95-percent-war-selloff-done" rel="noopener noreferrer nofollow">Is The Worst Over For Stocks? Tom Lee Says 95% Of War Sell-Off Is Done</a>

Bitcoin Network Roars Back With 615K Transactions, But Volumes Lag

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