Bitcoin's on-chain activity has reached a one-year low, but there is hope for bullish momentum in the future. CryptoQuant's analysis shows that Bitcoin's network activity index has fallen 15% since its peak in November 2024, indicating a decline in overall Bitcoin usage. The decrease in network activity is mainly attributed to the reduced use of the Runes Protocol. However, the positive aspect is the rising demand from long-term accumulator addresses, which suggests that Bitcoin may be gearing up for its next bullish phase. It is important to note that this summary does not provide investment advice.



Other News from Today