Bitcoin Network Activity Hits 2019 Lows!

๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰

Active users on the Bitcoin blockchain have dropped to levels not seen since 2019!

From 1.2M ๐Ÿ“ˆ in February โžก๏ธ to just 950k ๐Ÿ“‰ by March.

Meanwhile...

๐Ÿฆ Institutional investors are pouring billions into Bitcoin ETFs instead of buying and using BTC directly.

BlackRock's ETF alone holds almost $37.8 billion worth of Bitcoin!

๐Ÿ’ฌ What does this mean?

โœ… Easier access for new investors.

โš ๏ธ Less on-chain activity could hurt Bitcoin's decentralization long-term.

Is this the new normal? Or should we be concerned?

Drop your thoughts below! ๐Ÿ‘‡

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