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Bitcoin Active Supply Down 17%: Here’s What Followed Last Time

byKeshav Verma
2 days ago
·
Posted in Bitcoin News



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On-chain data shows Bitcoin activity has seen a major cooldown over the past month. What does history say about what could be next for BTC?
Active Bitcoin Supply Has Seen A Similar Drawdown As In September 2024
As pointed out by CryptoQuant author Axel Adler Jr. in a new post on X, the 30-day change in the Bitcoin % Supply Active has recently been negative. This on-chain indicator measures, as its name suggests, the percentage of the cryptocurrency’s circulating supply that became involved in some kind of transaction activity over a given period. In the context of the current topic, the time window in question is 180 days.
