After a sudden bearish market wave, Bitcoin seems to have lost its upward momentum as the flagship asset dropped sharply to key support levels, which could influence its price and market dynamics. Although bearish pressure has grown strong, it has not hindered Bitcoin’s network activity growth.

On-Chain Activity For Bitcoin Goes Wild

Bitcoin’s price is exhibiting bearish performance, but its network activity has shown notable growth in the past few days. A recent report from Santiment, a leading on-chain data analytics platform, reveals that the BTC blockchain is thriving this week, as on-chain activity improves.

This fresh burst of blockchain energy suggests a robust engagement and interest from users. It also reflects growing bullish conviction among long-term and new p

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