A sluggish Bitcoin price performance The biggest crypto market has had a number of disappointing themes in the year 2025. The latest data on the blockchain shows that the Bitcoin network has been declining since the last quarter of 2018.
Bitcoin’s Active Addresses And Transaction Count On A Decline?
A crypto analyst using the pseudonym Yonsei_dent posted a Quicktake on the CryptoQuant Platform. explained How recent price stagnation can be attributed to a decline in network activity. The Active Addresses metric (AA), which counts the wallet addresses that are involved in each transaction over a certain period, is one of the most relevant indicators on the chain.
Active Addresses are often used as a way to measure investor sentiment for a certain blockchain. Yonsei_dent reports that there is a steady decline in the number active Bitcoin addresses, which suggests a “potential weakness in investor participation.”
Außerdem, “death cross” recently formed between the AA’s 30-day moving average (30DMA) and its 365-day moving average (365DMA). To provide context, consider the following: “death cross” In technical analysis is a term used to describe a negative signal that occurs when the short-term average crosses below the longer-term average.
This death cross signifies a negative momentum and that an extended downward trend is possible (both for price and network activity).
Yonsei_dent added:
Although the two metrics fluctuate in a small range, the trend of the 365DMA continues to be downward, which indicates a long-term slowdown in the network’s engagement.
Quicktake’s analyst also highlighted another on-chain measure, which is Transaction CountThe number of transactions unique on the Bitcoin network over a specified period is measured by. Data from CryptoQuant shows that the number of transactions has decreased on the Bitcoin Network since the Q4 of 2024.
Yonsei_dent attributed this alarming trend to the macroeconomic insecurity and risk-aversion which has plagued markets since US President Donald Trump assumed the Oval Office.
What’s Next for BTC Prices?
The declining activity of the Bitcoin network is not good news for its price. Periods with low transactions have coincided often with long sideways moves and even price corrections.
It is possible that this price behavior could be explained through the trend. premier cryptocurrency in 2025. Bitcoin has been struggling to sustain any bullish momentum in order to achieve new highs.
Bitcoin’s price is just over $97,700 as of the time of writing. This represents a 0.3% rise in the last 24 hours. The coin’s weekly record is not any better, as the market leader has increased by barely 1% in the last seven days.
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Source: www.newsbtc.com
