As Bitcoin (BTC) continues to trade in the low $110,000 range, a key on-chain indicator has flipped bullish, show signs of an upcoming price rally that could propel the top digital asset to new all-time highs (ATH) in the near term.
Bitcoin’s 600,000 Transactions Threshold Takes Center Stage
According to a CryptoQuant Quicktake post by contributor Ibrahim Cosar, an important correlation between BTC price and the total number of transactions over time stands out.
The analyst shared the following chart to highlight the relationship between Bitcoin’s price and the total number of transactions. Notably, whenever the total transaction count surges above the 600,000 level – or even approaches it – BTC’s price tends to initiate an upward move.
The above chart shows three previous instances in 2025 when BTC’s total transaction count climbed beyond 600,000, with an ensuing price appreciation. In May, there was a sharp price increase shortly following Bitcoin’s tr
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