Bitcoin (BTC) active addresses at lowest level in a year…concerns over slowing network demand
Summary
- Reported that the number of active addresses on the Bitcoin (BTC) network has fallen to its lowest level in a year.
- Said that the decline in active addresses indicates a reduction in on-chain activity, transaction demand, and block space usage.
- Analysts raised that this phenomenon poses a risk of reduced miners' revenues, with a decline in individual users' on-chain activity being a major background.
The number of active addresses on the Bitcoin (BTC) network has fallen to its lowest level in a year, raising concerns about weakening demand for block space.
On the 15th (local time), according to crypto asset (cryptocurrency) specialist media The Block, the 7-day moving average of Bitcoin active addresses was about 660,000. This is the lowest level since December 2024, when network activity peaked due to the speculative frenzy over Ordinals and Runes.
The number of active addresses is a key indicator of Bitcoin network usage, reflecting transaction demand and block space usage. Analysts say the recent decline in the indicator suggests that on-chain activity is contracting overall and could affect transaction fees and miners' revenues.
The market also views the strengthening trend of institution-centered holding and long-term investment, which has relatively reduced individual users' on-chain activity, as one of the backgrounds for this decline.
JH Kim
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