Summary
- Reported that on-chain activity on the Bitcoin network is decreasing.
- Revealed that the monthly average number of new Bitcoin addresses has fallen below the annual average.
- Added that this shows a trend of declining network strength and utilization.
Opinions have emerged that on-chain activity on the Bitcoin (BTC) network is decreasing.
On the 22nd (local time), cryptocurrency analyst Ali Martinez stated through X that "the monthly average number of new Bitcoin addresses has decreased below the annual average," indicating "a decrease in Bitcoin's on-chain activity." He added that "this shows a trend of declining network strength and utilization."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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