Carmelo_Alemán2026-03-26

Bitcoin Is Cooling Internally: Active Addresses Have Fallen by More Than 30%

Bitcoin is not only losing price strength, it is also losing activity across its network. Active addresses measure how many unique addresses participate in Bitcoin by sending or receiving BTC. They do not exactly represent individual users, but they remain one of the best metrics for evaluating network usage, interaction, and economic traction. According to the attached chart, the decline became evident on August 8, 2025, when Bitcoin recorded 938,609 active addresses. By March 25, 2026, that figure had dropped to 655,908, representing a 30.12% contraction. The weakness is not limited to the daily reading. The 7-day moving average fell from 777,283 to 612,972 (-21.14%), while the 30-day moving average declined from 743,714 to 636,314 (-14.44%). This confirms a sustained slowdown in on-chain activity rather than isolated statistical noise. At the same time, the bear market has continued to deteriorate this metric proportionally. When price declines and active addresses contract as well, the message is clear: the market is not only losing valuation, it is also losing participation. There is less movement, less capital rotation, and weaker evidence of organic demand on-chain. This matters because a price rebound alone is not enough to confirm a structural recovery. As long as on-chain activity remains weak, any recovery will continue to rest on a more fragile foundation than in genuine expansion phases. Conclusion: Bitcoin remains a solid network, but it is currently operating with less economic intensity than it was in August 2025. To validate a convincing structural recovery, it will not be enough to see price move higher; network activity will also need to return. Signed by Carmelo Alemán, Verified On-Chain Analyst at CryptoQuant 📲 Connect with me: ♦️ X: @oro_crypto ♦️ YouTube: OroCryptoCanal ♦️ Email: [email protected]