#BitcoinActivityPicksUp Analyst TXMC recently highlighted rising on-chain activity despite Bitcoin’s recent price pullbacks—a trend I’ve been watching closely as well. Historically, when BTC corrects but on-chain fundamentals remain strong, it often signals bull-market continuation rather than a cycle top. Currently, we’re seeing:

Increased wallet activity
Rising long-term holder accumulation
Consistent miner network health
These indicators suggest that structural demand remains intact beneath the volatility.
The recent pullbacks, particularly after BTC slipped below short-term support zones, appear more like liquidity sweeps than true trend reversals. Whales, long-term holders, and institutions have continued accumulating on dips, reflecting confidence in the broader macro outlook. At the same time, exchange reserves are declining, indicating fewer coins are poised for selling pressure. This divergence between price and fundamentals has historically preceded strong bullish continuation phases.
From my personal strategy perspective, I treat these dips as strategic entry opportunities rather than threats. I’m accumulating BTC in a staggered approach, buying on deep pullbacks while reserving capital for volatility spikes. Instead of chasing momentum, I focus on key support zones, letting the broader trend play out. I also monitor funding rates, ETF flows, and long-term holder behavior to avoid getting caught in short-term sentiment swings.
Right now, my outlook remains cautiously bullish. As long as on-chain metrics—rising active addresses, growing transaction volumes, and sustained long-term holder confidence—remain strong, the macro structure of the bull market stays intact. Pullbacks are normal, especially mid-cycle; what matters is the underlying conviction, which the data shows is still present.
How are you positioning yourself in this environment? Are you buying dips, waiting for confirmation, or adjusting your strategy until volatility eases?