Bitcoin Transactions Plummet: Analyzing the 18-Month Low in Network Activity

Bitcoin Transaction Counts Plunge to 18-Month Lows

Bitcoin’s transaction activity has recently reached its lowest level in over a year and a half, with the seven-day moving average falling under 316,000 transactions, before slightly recovering to around 350,000, as per data from The Block. This story is an excerpt from the Unchained Daily newsletter.   To get these updates in your email for free, subscribe here. This marks a significant drop from the peak of over 700,000 daily transactions seen …

Bitcoin Transactions Plummet: Analyzing the 18-Month Low in Network Activity

The pulse of the Bitcoin network, measured by the volume of transactions processed, has recently slowed to an 18-month low. This dip in Bitcoin transactions signals a shift in user behavior and network dynamics, particularly following periods of intense activity driven by new protocols. What’s Behind the Decline in Bitcoin Transactions? According to data analyzed by The Block, the weekly average for Bitcoin transactions has fallen significantly,…

Bitcoin's Uneasy Calm: Is Demand Slowing, Or Is BTC Taking A Pause? - Data Intelligence

Bitcoin’s CDD, UTXO losses, and Network Growth suggest Bitcoin is in a holding pattern amid mixed sentiment. Mild buy-side dominance and persistent volatility reflect cautious optimism without strong momentum. Bitcoin’s [BTC] Coin Days Destroyed metric declined to 500K, down from peaks above 1 million. This suggested long-term holders showed restraint despite BTC’s approach to all-time highs. In fact, the CDD 30-Day Moving Average confirmed this…

Bitcoin Network Quiet as a ‘Ghost Town,’ But Whales Are Making Moves: Glassnode Reports

Bitcoin’s on-chain network activity is experiencing a notable slowdown, even as the asset attempts to maintain its price above the $105,000 mark. Recent data from Glassnode highlights a sharp drop in daily transaction counts, pointing to the lowest network usage since late 2023. This trend contrasts with Bitcoin’s bullish momentum, which earlier saw it cross […]

Bitcoin Network Activity Falls to 18-month Low

Bitcoin Network Activity Falls to 18-month Low The Bitcoin blockchain is experiencing its lowest transaction volumes in a year and a half.

Analyzing The 18-Month Low In Network Activity

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