Darkfost
Bitcoin network activity remains in a bear market.
Since December 2024, the Network Activity Index has been dropping sharply. This indicates a clear lack of transaction activity and a decline in daily active addresses. It also suggests decreasing demand for block space, as shown by the drop in the number of UTXOs. This kind of pattern is typical during bear markets, or during specific events like the China ban that occurred in June 2021. Does that mean we are in a bear market ?! This isn't necessarily the case, and phases like this may offer good opportunities for long-term Bitcoin holders.