Bitcoin network activity “just snapped higher after months of decline,” reported CryptoQuant on Monday. The blockchain analytics provider’s 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. It added that this shift is happening while BTC fees remain relatively low, “so part of this activity spike may be operational, not just organic demand.”
Low-fee environments make it cheaper for exchanges, custodians, and large holders to consolidate UTXOs, rebalance wallets, and reshuffle funds on-chain, stated CryptoQuant.
Bitcoin network activity just snapped higher after months of decline.
The CryptoQuant Network Activity Index is rebounding: tracking addresses, transactions, UTXOs, and blockspace demand.
What’s happening? Let’s dive in pic.twitter.com/KXgOsTeF03
— CryptoQuant.com (@cryptoquant_com) April 6, 2026
Exchange Volumes Remain Low
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