Bitcoin Nears $100K With Surging On-Chain Activity: Will It Break Out or Stall?

Bitcoin is once again grabbing the market’s attention as it edges toward the highly anticipated $100,000 mark. But this time, it’s not just price that’s moving—on-chain data reveals a notable uptick in real network usage.

📊 Six-Month High in Active Addresses
Recent data from Glassnode shows that over 925,000 unique BTC addresses were active within a 24-hour span—marking the highest daily count in half a year. This surge reflects more than just speculation; it suggests rising user engagement, increased accumulation, and overall confidence returning to the Bitcoin network.

📈 The $100K Question: Breakout or Resistance?
Traders and analysts are now split. Some see the combination of price momentum and rising network fundamentals as the fuel for Bitcoin to breach $100,000 and establish new all-time highs. Others caution that failing to hold above this psychological level could result in another wave of profit-taking or a period of consolidation.

💡 Macro Factors Still Loom
Despite the bullish signals, Bitcoin remains sensitive to external factors. Geopolitical uncertainty and central bank policies continue to cast shadows over risk assets. Any sharp change in interest rates, inflation trends, or global stability could either amplify the rally or derail it.

🚦Final Thought
While increased address activity is a healthy sign, it’s not a guarantee of immediate upside. As Bitcoin approaches this major milestone, it may offer an opportunity for bold buyers—but also warrants caution for those fearing a fakeout.

This is not financial advice. Always do your own research before making investment decisions.