CryptoQant states that the activity of the Bitcoin network has continued to rise since January 2026 and has recently reached its highest level since late 2024. At the same time, the BTC price is still close to 50 per cent above the historical high of $126,080.

Trades close to record.

According to the Agency, the total and average daily trade figures for bitcoin are close to historical heights. According to CryptoQuant, this trend has been going on for several weeks and is the first positive dynamic period since mid-2024.

Small transaction share rises

CryptoQuant states that there has been a significant increase in transactions below 0.01 BTC and 0.001 BTC, which together account for about 80 per cent of the daily transactions. In 2023, the proportion was approximately 44 per cent.

Prices are still falling.

This change is seen by the Agency as an increase in activities that are “agreement-driven” and that relate mostly to Bitcoin NFT and time stamp services. Despite the warming of the chain, the BTC recently reported $63,865, which has fallen 17% over the past 30 days.