The lowest annual in Bitcoin Network is a possible decrease to 86 thousand dollars: Cryptoquant

Bitcoin’s activity has decreased to its lowest level per year, as the demand for the leading digital assets remains low.

A a report From the series of analyzes on the series, Cryptoquant revealed that the Bitcoin network activity, which measures growth through major standards such as active headlines, the number of transactions, and the size of the mass, decreased by 17 % of its higher record in November 2024.

Bitcoin network activity in the negative direction

The network activity index is currently 3,658, which is the lowest level since February 2024. It also decreased to less than the moving average for 365 days, an unprecedented occurrence since July 2021, after China has set a ban on bitcoin mining. This indicator indicates that the activity on the largest Blockchain network in the world has entered into a negative direction.

The growth of the clear demand for Bitcoin has decreased from November to December, when it witnessed an acceleration period.

After the end of the American presidential elections, the demand for bitcoin rose to 279,000; However, the scale hovers about 70,000 today. Factors that affect the growth of demand include economic uncertainty about imposing commercial tariffs in the United States, inflation concerns, and a potential sale of FTX Crypto Exchange.

The demand for bitcoin remains weak

Weakness to demand BTC in the purchases of the instant Bitcoin Transpeted Troped (ETF) box. Bitcoin ETF daily purchases fell from more than 18,000 BTC in early November to less than 1000 BTC today. Note Cryptoquant that BTC coincides historically with increased ETF purchases; However, current purchase levels do not support such prices.

Moreover, the pulse of the exchange flow between Cryptoquant shows that the demand for the Bitcoin spot has slowed in the United States. The BTC volume has decreased from other stock exchanges to Coinbase and less.

What is the following for BTC?

Moreover, the expansion of the liquidity of Stablecoin. The total market value of Stablecoins reached the highest new levels above 200 billion dollars; However, liquidity expands at a slower pace. For example, Tether (USDT) has seen a 92 % decrease of a 60-day change of $ 16, at a value of $ 20.4 billion in the market-the number now sits $ 1.5 billion.

Cryptoquant says BTC needs a new wave of expansion of Stablecoin to gather again. The cryptocurrency can decrease about $ 86,000, and a price trader has achieved minimum prices, if growth in growth and liquidity does not improve soon.