Furthermore, on-chain data reveals an increase in the number of transactions occurring on the BTCitcoin Network, rising from 415,000 to 430,000. While this surge in activity has not had a substantial impact on Bitcoin's price, it has elicited concerns among investors due to the heightened activity amid the ongoing market downturn.
The impact won't be felt quickly on an instant, it takes time until we see the impact of it if you're wanting to see it through the price. But that's okay that we're seeing the surge in transactions but not with the price.
It only means that there's more demand and later on the price will eventually have to increase.
I think we're also done with seeing the price too low and from its bottom.