Metrics such as the number of confirmed transactions can be used to gauge investor activity on the Bitcoin network.
Daily Bitcoin transaction volumes have fallen to annual lows, reflecting the volatile nature of the holiday season.
The total number of confirmed Bitcoin transactions fell to 623,434 on December 26, hitting its lowest point this year, according to Blockchain.com.
A confirmed Bitcoin transaction is a transaction that has been approved by the blockchain’s blockchain and is permanently recorded on the blockchain, making it irrevocable.
Metrics such as the number of confirmed transactions can be used to gauge investor activity on the Bitcoin network. On December 17, the price of Bitcoin surpassed an all-time high of $108,000, with over 857,000 confirmed transactions, a 37% increase from yesterday’s 623,000.
Currently, Bitcoin analysts expect Bitcoin prices to rise above $105,000 shortly after the holiday season, driven by low transaction volume.
Weakening public sentiment around Bitcoin signals imminent price recovery
Weakening public sentiment around Bitcoin signals imminent price recovery for the world’s largest cryptocurrency.
According to Cointelegraph on December 12, public sentiment around Bitcoin has fallen to its lowest level since 2024, with the average ratio of positive news to negative news about Bitcoin at four to five. 22
However, market research firm Santiment wrote in a December 22 article that this sluggish trading pattern is a sign that Bitcoin’s breakout is imminent:
“Healthy traders are showing significant FUD, which is good news for investors who know that the market is moving in line with trading expectations.”
Other cryptocurrency analysts are also predicting that Bitcoin will end its rally below $100,000. On December 20, Bitcoin’s daily chart showed three consecutive red candles for the first time since the first week of November, which occurred before Donald Trump won the US presidential election.
Ryan Lee, senior analyst at Bitget Research, told Cointelegraph that Bitcoin’s recent decline is a sign of the holiday season:
“After Christmas, market activity will pick up again, with funds expected to be heavily allocated to sectors that will benefit from the upcoming Trump inauguration…BTC is trading at $94,000-$105,000 this week.”
President-elect Donald Trump’s inauguration on January 1 could be the next big move for Bitcoin. August 20, 2025.
