According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that over the past two days, the average daily number of transactions on the Bitcoin network increased from 340,000 to 364,000, an uptick of 24,000 transactions. Although the current figure of 364,000 is still significantly below the peak levels seen in 2023–2024 (ranging from 530,000 to 666,000 transactions), it indicates that holders are responding calmly to the current market rally, with no signs of active selling pressure. This strengthens the bullish outlook from both fundamental and technical perspectives.