❌ Bitcoin network activity has fallen to 2020 lows
The number of active Bitcoin addresses has decreased to 720,000, the lowest level since April 2020.
For comparison, in November 2024, the figure reached 1.126 million, representing a decrease of approximately 36%.
⬇️ The decline in network activity occurred against the backdrop of a more than 11% drop in BTC price over the week.  *Graph illustrating the decline in network activity*
This decrease indicates a significant reduction in user engagement and transaction volume on the Bitcoin network, which could impact overall market sentiment and liquidity. Additionally, the decline coincides with broader market corrections and increased volatility in cryptocurrency prices. Analysts suggest that such drops in active addresses often precede or accompany bearish market trends, highlighting the importance of monitoring network metrics for future price movements.
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❌ Bitcoin network activity has fallen to 2020 lows
The number of active Bitcoin addresses has decreased to 720,000, the lowest level since April 2020.
For comparison, in November 2024, the figure reached 1.126 million, representing a decrease of approximately 36%.
⬇️ The decline in network activity occurred against the backdrop of a more than 11% drop in BTC price over the week.

*Graph illustrating the decline in network activity*
This decrease indicates a significant reduction in user engagement and transaction volume on the Bitcoin network, which could impact overall market sentiment and liquidity.
Additionally, the decline coincides with broader market corrections and increased volatility in cryptocurrency prices.
Analysts suggest that such drops in active addresses often precede or accompany bearish market trends, highlighting the importance of monitoring network metrics for future price movements.