Summary
- CryptoQuant reported that Bitcoin network activity has recently been plummeting.
- The network activity index is at 3,470, which is the lowest level in the past year and a half.
- Investments under $10,000 and individual investor demand have both reportedly decreased by more than 5%.
An analysis has shown that Bitcoin (BTC) network activity is sharply declining.
On the 10th (local time), CryptoQuant announced via X (formerly Twitter), "Bitcoin network activity is in a sharp downward trend," and stated, "The network activity index recorded 3,470." This is the lowest level in the last year and a half.
Additionally, it was mentioned that even investments under $10,000 are decreasing. CryptoQuant added, "Recently, the individual investor demand index has dropped by more than 5%," and explained, "Individuals' interest is also weakening."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
