Bitcoin's network experienced a surge in activity as on-chain transaction volume and dormant Bitcoin re-entered circulation. This shift in behavior of long-term holders indicates potential future price growth, according to data from Santiment. The on-chain transaction volume reached $37.4 billion on Tuesday, the highest daily volume since March 2024. The "Age Consumed" metric, which tracks previously inactive Bitcoin being moved, showed a significant increase, contributing to the surge in on-chain volume. A whale transaction involving the withdrawal of 250 BTC from Binance also impacted the on-chain volume. Additionally, there has been a notable increase in new Bitcoin addresses, suggesting growing interest and a potential expansion of the user base. This development is historically correlated with rising Bitcoin prices.



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