Bitcoin Network Activity Declines Amidst Stagnant Price Performance

A decline in Bitcoin's performance has been observed alongside diminishing network fundamentals since late 2024. Key points include:

Active Addresses on the Bitcoin network are decreasing, indicating weakened investor participation.
A "death cross" formed, with the 30-day moving average crossing below the 365-day moving average, suggesting bearish momentum.
Transaction Count metrics also show a decline in unique transactions since Q4 2024.
The declining activity is linked to global macroeconomic uncertainty and rising risk aversion.

Current Bitcoin price stands at approximately $97,700, with negligible growth of 0.3% in the last 24 hours and a mere 1% increase over the past week. Low transaction activity often precedes sideways movement or price corrections, raising concerns about future price action.