#BTC network activity drops to new low#

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Overview

Recently, the Bitcoin BTC network activity has dropped to a new low, with only 667,100 active addresses, the lowest level since November 2024. This data indicates that both participation and transaction volume on the Bitcoin network are currently in a slump, which may be related to the overall market downturn and investor wait-and-see sentiment.

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Analysis

Recently, the Bitcoin (BTC) network activity has dropped to a new low, with only 667,100 active addresses, the lowest level since November 2024. This data indicates that the Bitcoin network is currently in a state of low activity, which may be related to factors such as low market sentiment, declining trading volume, and strong investor wait-and-see sentiment. Despite the recent rebound in Bitcoin prices, the decline in network activity suggests that market participants' interest in BTC may be waning, which could have a negative impact on future price movements.

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BTC network activity has dropped to its lowest level since November 2024, with only 667,100 active addresses.

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BTC network activity is in a slump, which may be related to the low market sentiment and declining trading volume.

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