Usage On Bitcoin's Network Has Dried Up, But Certainly Hasn't Died!
📉 Since February, 2021, the 5-year difference in Bitcoin's level of network activity is staggering: 👉 -42% less unique $BTC addresses making transactions 👉 -
Это не финансовый совет. DYOR.
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📉 Since February, 2021, the 5-year difference in Bitcoin's level of network activity is staggering:
👉 -42% less unique $BTC addresses making transactions
👉 - 47% less new $BTC addresses created
💀 No, this does not imply that "crypto is dead" or that we are entering a multi-year bear market. However, there was a clear bearish divergence that had been forming throughout 2025 as market caps continued to hit new heights while Bitcoin's utility declined.
📊 A justification for crypto beginning to see a true long-term relief rally will be when metrics like active addresses and network growth begin to rise. Though altcoins will be somewhat dependent on how $BTC looks in this respect, they also can see individual pumps once their network activity rises.
🔖 Monitor how utility metrics like these continue to fluctuate day by day, and toggle between some of your favorite coins. This chart template also contains some of Santiment's other top leading alpha indicators!
Это не финансовый совет. DYOR.
