📉 What is happening with Bitcoin? Network activity is declining

Since the beginning of 2025, the volume of daily transactions in the Bitcoin network has sharply decreased and now remains within 320–500 thousand operations per day.

For comparison: during the last bull cycle, these figures were significantly higher.

🔍 What does this mean:

— There is less activity in the network, fewer transfers and purchases.

— This may indicate a lull, uncertainty, or simply waiting on the part of investors.

📊 According to Glassnode:

— The important support zone for BTC right now is $95,500–97,000.

— This is slightly below the average price at which short-term holders bought Bitcoin (≈$98K).

— If the price holds above, the market has a chance to continue rising.

— If it falls below, a bearish trend may begin for weeks or even months.

📉 At the same time, open interest on Binance is declining — traders are closing positions after the Fed's rate decision. This also indicates a decrease in activity and an increase in uncertainty.

We are monitoring the $95–97K zone and volumes — they will tell us more than the news.