Bitcoin Network Activity Drops to 2020 Lows
Bitcoin’s network engagement has experienced dramatic contraction, with the seven-day simple moving average of active addresses plummeting to approximately 720,000—the lowest level recorded since April 2020, representing a 36% decline from November 2024’s peak of 1.126 million active addresses. This extraordinary collapse in network participation coincides with Bitcoin’s price falling below $80,000 and losing critical […]
