Bitcoin’s network has witnessed a surge of over 700,000 new addresses in a single day, a positive sign for the cryptocurrency. Glassnode co-founder Yann Allemann sees this as a bullish signal, indicating increasing demand for Bitcoin, potentially driving up its price. While Bitcoin has remained stable around $35,000 recently, rising trading volume suggests growing buying interest. Investors are closely watching key support and resistance levels, with $40,000 as a significant target. Additionally, cryptocurrency funds are experiencing notable inflows, reinforcing market confidence and demand.