Bitcoin Transactions Hit Highest Level Since 2024 as Network Fees Remain Low

Bitcoin on-chain activity has experienced a significant rebound, with daily transaction counts reaching 615,000, the highest level since November 2024. Remarkably, network fees have remained low despite this surge in volume, indicating high efficiency within the ecosystem. Adding to this momentum, inflows into US-listed spot Bitcoin ETFs have picked back up, recording their highest daily trading volumes in weeks. This recovery in institutional demand provides a significant demand-side catalyst alongside the robust network utility. Analysts view the combination of high transaction volume, low costs, and renewed ETF interest as a sign of healthy infrastructure and growing market confidence. While these developments are fundamentally bullish, they are often viewed as structural indicators rather than immediate price drivers for BTC/USD compared to broader macroeconomic factors.