Bitcoin’s On-Chain Activity Points to Growth, Fed Meeting Holds the Key

Bitcoin On-Chain Activity Report, September 2025

The focus this week is the FOMC meeting, underway as I write. The Fed’s decision will shape positioning across risk assets.

For now, markets are leaning toward a positive outcome.

Bitcoin’s on-chain activity tells a similar story: stable, constructive, and supportive of the bull trend.

That makes it worth taking a closer look at what the data shows this month.

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Bitcoin’s On-Chain Activity Points to Growth, Fed Meeting Holds the Key

The Takeaway

Bitcoin’s on-chain activity remains stable in the short term and continues to expand in the long term, a setup that has historically skewed returns strongly positive while keeping the risk of deep drawdowns low.