Crypto Mommy2026-07-31

BTC’s Road to Recovery: Transaction Volume Rises, but Prices Haven’t Kept Pace

The number of daily BTC transactions has surged from 300,000–400,000 in January of this year to 550,000–900,000 in June and July, indicating a clear uptick in trading activity 📈 However, the number of active addresses hasn’t increased in tandem; instead, it has actually contracted slightly. What does this mean? It appears more like “existing capital being reallocated more frequently” rather than “a massive influx of new users.” Exchange activity has also been relatively subdued: net outflows of about 1,000 BTC in June and about 6,000 BTC in July. Selling pressure is light, and there’s even a slight tendency toward accumulation, though the intensity doesn’t yet qualify as institutional-level aggressive accumulation. In terms of valuation, the MVRV ratio sits between 1.15 and 1.25, which is significantly lower than last October’s peak—there is no overbought condition, but we also haven’t seen evidence of aggressive capital inflows yet. Conclusion: The on-chain structure is neutral, with no panic selling; however, the divergence between rising volume and stagnant prices reminds us that a reversal is not yet in sight. Other data even suggests that the consolidation phase may extend throughout August.So for now, everyone should remain patient, avoid excessive trading, and wait quietly for favorable conditions to emerge.