Bitcoin Network Activity Drops to a Minimum
According to analysts at CryptoQuant, the number of active addresses in the leading cryptocurrency’s network has fallen to its lowest levels since the beginning of 2026 and reached levels not seen in nearly eight years.
In their view, the current market environment is characterized by low volatility and weak speculative activity. Such conditions create a favorable backdrop for large participants to gradually accumulate positions without sharp price fluctuations.
Experts noted that the decline in activity indicates the absence of short-term investors, who typically enter the market during hype periods and exit during corrections. The network is now mostly composed of long-term holders focused on accumulating the asset.
Historically, such periods of “calm” in on-chain metrics have often coincided with base-building phases preceding subsequent growth. CryptoQuant added that the current dynamics may indicate a gradual absorption of liquid supply.
See also: "Bitcoin RSI Indicator Repeats the End-of-2022 Bear Market Scenario"
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