The Bitcoin Blockchain network has achieved its lowest point per year as the network activity index decreased by 15 % since November to 3760, the weakest level since February 2024. The style is similar to July 2021, when the activity on the series decreased dramatically after the mining ban in China.
The network activity index reflects the built -in data for active addresses, transactions, mass size, fees, etc. to determine the use of the network.
Bitcoin network activity has reached the lowest level in one year.
The network activity index has decreased by 15 % since November, and is now in 3,760 – the lowest level since February 2024.
The last time this limit has decreased much less than MA 365 days? July 2021, after the mining banned in China. pic.twitter.com/9JECLWP9FL
– Cryptoquant.com (Cryptoquant_com) February 7, 2025
Do you see Bitcoin as another interruption?
The network activity achieved great success after the daily transactions decreased to 346,000 on Friday, a sharp decrease of 53 % of the peak of 734,000. Memepool BTC has also seen a great slowdown on the network. Memepool is a temporary storage of unconfirmed Bitcoin transactions. The data indicates that Mimpol sizes were shattered from 287,000 in December to only 3000 on Thursday, or nearly 99 % decrease.
In general, the low bitcoin activity on the chain reflects lower fees and faster assurances, in the end, the launch of the network congestion. However, some analysts also see a decrease in activity on the series as a decrease in the demand for BTC, which indicates a declining feeling in the market.
At present, BTC is Rotation About 97,860.44 dollars with a rise of 1.33 % in one day with an impressive market formation of 1.93 %, according to CoinmarketCap. Standard Chartard believes that current market conditions prefer bitcoin as long as the revenues remain stable and that the economy remains strong. Jeff Kendrick, the bank’s digital asset research, highlighted that treasury revenue for 10 years suggests less than 4.50 % to tighten the aggressive federal reserves, which supports risk assets such as bitcoin. He described this as the “Goldelux region” of digital assets. Experts believe that the BTC momentum can push it beyond $ 100,000 in the monotheism pattern.
Also read: Missouri offers a bitcoin reserve bill, and delivers encryption payments
