$BTC is still nearly half off its peak, but Bitcoin network activity is climbing again — at least per the CryptoQuant piece Decrypt ran today.
I noticed the macro split on my feed: Nasdaq up ~1.9%, S&P up a bit over 1%, gold down almost 1.7%, while the bitcoin equity names look tired — MSTR off ~3.5%, COIN down ~1%. $BTC itself is only up ~1.5% near $64,100, holding a ~56% share of the market on a day total cap ticked up maybe 1.3%.
What stands out to me: chain usage is picking up without the usual price chase.