#BitcoinActivityPicksUp Analyst TXMC’s observation about rising on-chain activity despite recent price pullbacks is something I’ve been watching closely as well. Historically, when Bitcoin experiences a correction but on-chain fundamentals continue to strengthen, it often signals bull-market continuation rather than a cycle top. Right now, we’re seeing increased wallet activity, rising long-term holder accumulation, and consistent miner network health—all indicators that deeper structural demand remains intact beneath short-term volatility.

The recent pullbacks, particularly after BTC slipped below certain short-term support zones, appear more like liquidity sweeps than true trend reversals. Whales, long-term holders, and institutions have continued accumulating on dips, suggesting confidence in the broader macro outlook. At the same time, exchange reserves continue to decline, meaning fewer coins are available for selling pressure. This divergence between price action and on-chain fundamentals has historically preceded strong bullish continuation phases.
From my personal strategy perspective, I am treating these dips as strategic entry opportunities rather than threats. I have adopted a staggered accumulation approach, buying BTC on deeper pullbacks while keeping some capital aside to respond to volatility spikes. Rather than chasing momentum, I focus on buying near key support zones and letting the broader trend play out. I also monitor funding rates, ETF inflows and outflows, and long-term holder behavior carefully, ensuring I avoid being caught in short-term overheated sentiment.
At present, my outlook remains cautiously bullish. As long as on-chain metrics continue to show strength—rising active addresses, growing transaction volume, and sustained long-term holder confidence—the macro structure of the bull market remains intact. Pullbacks are normal, especially during the middle stages of a cycle. What matters most is the underlying conviction, and from what the data shows, that conviction has not faded.