$BTC is experiencing a period of calm: the volatility and on-chain activity of the cryptocurrency have dropped to their lowest levels since October 2023. According to analytical platforms such as Glassnode, transaction volumes in the Bitcoin network have decreased, and the number of active addresses has reached a minimum in the last 18 months. This indicates a decline in interest from retail investors and a decrease in speculative trading.
Volatility, measured through price fluctuations, has also fallen to historically low levels. This may indicate market consolidation before a significant price movement or a temporary loss of momentum. Analysts note that similar periods of low activity have often preceded significant price changes in the past.
Despite the decrease in on-chain activity, the network's hash rate remains stable, indicating miners' confidence in the long-term prospects of Bitcoin. However, low volatility may complicate short-term trading strategies.
The market situation remains uncertain, but such periods often create opportunities for investors. Stay tuned for market updates to keep informed! Subscribe to #MiningUpdates for the latest news on Bitcoin and cryptocurrencies.
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