Bitcoin network activity spikes to a 6-month high; is $100,000 next?

By: bitcoin ethereum news|2025/05/04 19:15:01

Bitcoin’s (BTC) network activity has reached a six-month high, a trend likely to support the asset’s ongoing push toward a six-figure valuation. Specifically, Bitcoin recorded 925,914 unique active addresses within 24 hours as of May 3, according to on-chain data shared by cryptocurrency analytics platform Glassnode. Notably, the surging activity reflects heightened investor engagement and speculation that Bitcoin may be gearing up for a significant price move as it consolidates around the $95,000 level. The price has steadily climbed from mid-April lows, closely tracking the rise in network participation. Historically, spikes in active address counts have often been early indicators of strong market moves, signaling increased user demand and transaction volume across the blockchain. Bitcoin key price levels to watch Bitcoin is currently consolidating in a narrow range just below a key resistance level. According to cryptocurrency analyst Ali Martinez, who shared insights in a May 3 post on X, the critical resistance to watch is $98,290. A breakout above this level could pave the way for a move toward the highly anticipated $100,000 milestone. On the flip side, $96,160 serves as a crucial support level. With the price oscillating between these two markers, Bitcoin is trading within a tight band that appears poised for a decisive breakout in either direction. Regarding Bitcoin reclaiming the $100,000 spot, a Finbold report indicated that several artificial intelligence (AI) models believe the milestone might be achieved by the end of May. This possibility is also backed by technical insight from TradingShot , who noted that Bitcoin is erasing traces of the recent “Tariffs correction” that shook markets. If this erasing is complete, the analyst stated that Bitcoin would be open to claiming the $106,000 target. Bitcoin price analysis At press time, Bitcoin was trading at $95,470, down about 0.8% over the past 24 hours, while gaining nearly 2% over the past week. Market sentiment remains bullish, with Bitcoin registering a “greed” score of 65. Technically, the asset is trading above the 50-day ($86,939) and 200-day ($86,139) simple moving averages (SMA), confirming an ongoing uptrend. However, traders should remain cautious of a potential short-term pullback. Bitcoin’s relative strength index (RSI) stands at 66.42, indicating slightly overbought conditions. Featured image via Shutterstock Source: https://finbold.com/bitcoin-network-activity-spikes-to-a-6-month-high-is-100000-next/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.