According to @glassnode, on-chain activity has accelerated with active addresses rising 8% to 793k, indicating stronger network usage (source: @glassnode). According to @glassnode, transaction fees climbed 10% week over week, further signaling heightened demand on-chain (source: @glassnode). According to @glassnode, 94% of circulating supply is in profit, which raises the risk of a rapid sentiment shift if profit-taking pressures intensify, a trading-relevant setup that can increase downside volatility if realized (source: @glassnode).