Bitcoin's network activity has surged to a new high in 2025, with the 14-day Simple Moving Average (SMA-14) of transaction counts reaching 540,000. This increase, highlighted by market analyst CryptoOnchain on CryptoQuant, is driven by protocols like Bitcoin Ordinals and Runes, indicating rising demand and usage. Despite recent price fluctuations, the analyst observes a bullish convergence between network activity and Bitcoin's price since July, suggesting a potential for stronger price performance. Currently, Bitcoin is valued at approximately $115,744, showing a slight decline over the past 24 hours. The report underscores the significance of monitoring on-chain activity for future price trends.