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![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
