Will Bitcoin transfer volume increase as the price rises?

Could you elaborate on the potential relationship between the price of Bitcoin and its transfer volume? As the value of Bitcoin appreciates, does it typically lead to a surge in transaction activity, or are there other factors at play that may influence this metric? Are there any historical precedents that we can draw upon to better understand this dynamic? Furthermore, what implications might an increase in transfer volume have for the overall health and stability of the Bitcoin network?