$BTC Network Activity Hits 8‑Year Low — ETFs Inflow Recovers On‑Chain Weakness 🚨📉
CryptoQuant noted that the on‑chain activity of
$BTC network has reached to its lowest point in 8 years. Current Active addresses on the
$BTC network are about 662,000 — which is considered as a sharp drop in everyday blockchain action. 🚨
Despite this fact, the price of
#bitcoin has stayed relatively stable over the past two months. Experts blame a shift of transactions off the main chain network — at this moment inflows are mostly happening through ETFs and other tools, not regular on‑chain addresses. 🔄
Meanwhile, Glassnode analysts warned that retail investors are mostly remains inactive. Their Accumulation Trend Score sits at zero, showing neither clear buying nor selling momentum. This fact indicates that the market “bottom” has not formed yet. 📉
ETF flows are mixed: BlackRock’s IBIT recorded inflows of over 1,000
#BTC , while FBTC and GBTC saw combined outflows of roughly 800
#BTC. The result: supply and demand of
#BTC are currently balanced, and there’s no clear signal for a bullish trend. 💰⚖️
Trader should watch ETF flows and on‑chain activity closely. For now, the market lacks the strong on‑chain support which is usually needed to kick off a long lasting bullish trend of
#bitcoin Follow for more updates on crypto market
@TZ_Crypto_Insights