Bitcoin Network Activity Is Declining Impact On Price?

A sluggish Bitcoin price performance has not been the only disappointing theme for the largest crypto market so far in 2025. According to the latest on-chain data, the Bitcoin network fundamentals have been dwindling since the final quarter of last year. Bitcoin’s Active Addresses And Transaction Count On A Decline? In a Quicktake post on the CryptoQuant platform, a crypto analyst with the pseudonym Yonsei_dent explained how recent price stagnation is tied to declining network activity. One of the relevant on-chain indicators here is the Active Addresses (AA) metric, which measures the number of wallet addresses involved in a transaction within a specific period. Related Reading: $1,000 Solana? Analyst Says Its Written, Predicts When Breakout Will Happen Usually, the Active Addresses metric is used to evaluate investor sentiment on a particular blockchain. According to Yonsei_dent, the number of active addresses on the Bitcoin network is steadily declining, suggesting a “potential weakness in investor participation.” Additionally, a “death cross” recently formed between the AA’s 30-day moving average (30DMA) and its 365-day moving average (365DMA). For context, a “death cross” in technical analysis refers to a bearish signal marked by a short-term moving average crossing below a longer-term moving average. This death cross signals a bearish momentum is forming and that a prolonged downward trend (for both price and network activity) might be on the horizon. Yonsei_dent added: While the two metrics have been fluctuating in a tight range, the 365DMA remains in a downward trend, suggesting a prolonged slowdown in network engagement. Furthermore, another on-chain metric spotlighted by the Quicktake analyst is Transaction Count, which measures the number of unique transactions on the network within a specific period. According to data from CryptoQuant, the number of unique transactions on the Bitcoin network has been declining since Q4 2024. Yonsei_dent associated this worrying trend with the global macroeconomic uncertainty and increasing risk aversion that has plagued the market since US President Donald Trump took the Oval Office. What Next For BTC Price? As inferred earlier, the declining network activity does not exactly bode well for the Bitcoin price action. Periods of low transaction activity have often coincided with prolonged sideways movement and sometimes price corrections. This trend might explain the price performance of the premier cryptocurrency in 2025. The Bitcoin price has struggled to maintain any serious bullish momentum to push new highs. Related Reading: XRP To 3 Digits? The Signs That Could Confirm It, Basketball Analyst Says As of this writing, the price of Bitcoin sits just above $97,700, reflecting a measly 0.3% increase in the past 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. Featured image from iStock, chart from TradingView

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Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High

Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s

The post Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High appeared first on BTC Ethereum Crypto Currency Blog.

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Cardano Outperforms Market With 50% Surge: Heres Why

Cardano has outperformed most of the market with a sharp 50% rally during the past week. Here’s what’s driving this run, according to on-chain data. Cardano On-Chain Metrics Have Lit Up Recently According to data from the on-chain analytics firm Santiment, a couple of activity-related metrics have spiked for ADA recently. The indicators in question are the Transaction Volume and the Whale Transaction Count. The first of these, the Transaction Volume, keeps track of the total amount of Cardano that’s becoming involved in transfers on the blockchain every day. This metric basically tells us whether the ADA investors have a high interest in trading the coin or not. Related Reading: Bitcoin Is About To See A Historically-Profitable Crossover In This Metric Whereas the Transaction Volume is a general metric, the Whale Transaction Count provides information about the activity level of only a specific investor group: the whales. As the metric’s name implies, it measures the total number of transfers that these humongous investors are making on the network. More formally, it specifically tracks the transactions carrying a value of more than $100,000. Now, here is a chart that shows the trend in the Transaction Volume and the Whale Transaction Count for Cardano over the last few months: As displayed in the above graph, both of these on-chain indicators have shot up for Cardano recently, which implies activity across the board has risen on the network. This recent spike in activity has coincided with ADA’s sharp rally, which has put the cryptocurrency at impressive gains of more than 50% over the past week. Given the timing, it’s likely that the increased interest from the investors has played a role in the price surge. At present, the weekly Transaction Volume for Cardano is sitting at around $52 billion, which is a 7-month high for the metric. Similarly, the Whale Transaction Count has a value of 8,900, the highest in 6 months. From the chart, it’s apparent that ADA also saw a simultaneous surge in these metrics back in June. This previously elevated level of activity led to a 26% increase for the coin. Related Reading: Bitcoin Hashrate Falls Off, Miners Expecting Pause In Bull Run? Something to note, however, is that this last activity spike occurred alongside a bottom for the coin, while the recent one has come as the asset has been rallying. The current high interest in Cardano could certainly act as more fuel for the rally, but it could also very well turn into a profit-taking storm as investors’ gains balloon up. It only remains to be seen which scenario would follow for ADA in the coming days. ADA Price With positive returns of 12% during the last 24 hours, Cardano is currently the best performer among the top cryptocurrencies by market cap. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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