Bitcoin’s Bored, But Its Network Is Partying Hard! 🚀

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Apparently, while Bitcoin lounges around at a modest $105,000—like that one relative who never leaves the couch—the network itself decided to throw a wild party. On-chain data shows activity metrics are lighting up like a Christmas tree on steroids. 🎄💥

Bitcoin Network Growth & Circulation Are Both Going Bananas 🍌

According to Santiment (yes, that on-chain nerd troupe), this week Bitcoin decided to shake things up a bit. We’re talking about two main indicators: Circulation and Network Growth—because who doesn’t love a good backup dancer in the crypto dance?

Circulation tracks the number of *unique* coins involved in transactions daily. And no, that doesn’t mean coins are sneaking off to secret parties—each coin counts once, even if it attended five different transactions. So, if a coin is out there doing a jig five times in a day, it still earns a single point in this goofy game.

This beats the hell out of transaction volume, which just tallies every transfer like a drunk counting drinks—no matter how many times each token takes a spin, it all adds up. Circulation, therefore, offers a clearer glimpse into the blockchain’s “organic” hustle, because who needs fake activity? (Well, apparently some do, but we’re not here for their mistakes.)

Now, feast your eyes on this chart—because what better way to pretend you understand what’s happening than a pretty graph?

As the chart cheerfully demonstrates, Bitcoin’s circulation has shot up faster than a toddler on Pixy Stix. The total hit 241,360 coins—yes, that’s the highest since December, which is basically prehistoric in crypto terms.

Meanwhile, Network Growth isn’t sitting still either. This metric measures how many fresh wallets—newbies, pretenders, or privacy enthusiasts—have just appeared on the scene. Last week, more than 556,830 new addresses showed up, which could mean the crypto world is drawing in new recruits—or just some folks suddenly decided to be “crypto-savvy.”

“Growth in on-chain activity is generally a good sign,” say the analytics folks, who probably have a scarlet backlog of charts and coffee stains. “Keep an eye on this while the market does its limbo dance.”

BTC Price—Still Floatin’ Around the Same Old $104,500

Meanwhile, Bitcoin’s price is doing its best impression of that one friend who just can’t commit—hovering around $104,500 without making any real moves. Still, who needs a rally when the network is busy throwing its own party? 🎉

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2025-06-06 07:51