According to a CryptoQuant analysis, while activity on the Bitcoin blockchain has fallen to its lowest level in a year, a metric called the Bitcoin Network Activity Index, which measures active addresses, number of transactions, block size, and fees, is pointing to potential price growth for Bitcoin in the future. The index is down 15% since November 2024, but demand from long-term accumulator addresses has increased, which historically signals strong confidence and often precedes rallies in the BTC price. The decline in network activity may be attributed to the decreased use of the RUNES protocol to mint tokens on the Bitcoin network. Despite the drop in activity, the analysis suggests that Bitcoin prices could still grow.



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