According to external sources, the use of the Bitcoin chain has recently recovered, but the financial situation has not improved simultaneously. According to the article, this deviation is indicative of a recovery in network activity, although more explicit incremental funding is still needed to support a more sustained price rebound.

The chain's up.

In 2024, bitcoin network activity was largely synchronized with price trends, and as BTC approached the $100,000 zone, the use of the chain was stronger. After 2025, the two began to divide, with a marked decline in network activity.

However, this trend has recently changed. The related indicator index rose from about 3200 to about 3800, while the bitcoin price kinetic energy decreased. According to the article, the use of heating in the chain may have occurred earlier than the restoration at a higher price.

Fund requirements remain in negative range

In contrast to the improved dynamism of the chain, demand for funds remains weak. CryptoQant data show that the Fund ' s market premium went negative at a time when Bitcoin fell near $6.31 million and then fell to about -6 in the recent downturn.

Although the indicator has since risen to about -0.6, it has not returned to the positive range. Meanwhile, the 30th EMA continues to go down. According to the article, this means that the improved use of the network has not yet been translated into a sufficiently strong inflow of funds, and that the price rebound base remains precarious.

  • Threshold dynamic index: about 3200 to about 3800
  • Fund market premium: dropped to approximately -6
  • Updated premium level: up to about -0.6

100 to 1,000 BTC addresses slowed down.

The article also mentioned that the number of addresses held by 100 to 1,000 BTCs continued to increase, and that the overall level of holding of such addresses was higher than a year earlier, suggesting that there had been no full withdrawal from the market.

More noteworthy, however, is the continued slowdown in growth. Since the beginning of this year, the net increase in this group has declined markedly. According to the article, this reflects a decrease in the confidence of some investors.

Overall, improved use of the chain has provided some support to the market, but the demand for the fund has not recovered, and the silo tempo of medium-sized currency-held addresses is cooling. Foreign sources believe that bitcoin repairing is still not sufficiently supported until stronger financial flows are made.