On-chain activity shows signs of recovery and fundamentals are improving

After nearly a month of declining on-chain activity, as measured by active addresses on the Bitcoin network, interest in transactions is starting to pick up again.

On-chain activity is one of the key metrics in market structure, offering a clear view of periods with higher or lower risk aversion.

However, over the past 30 days, there is still a negative variation of 9% in the number of addresses transacting on the network. Sustaining this recovery trend will be necessary for prices to be positively impacted.

While it's too early to say that the current consolidation phase is over, we can already observe improvements in on-chain fundamentals.