The transaction activity on the network of $BTC Bitcoin has dropped to its lowest level since October 2023.

According to the latest data, the number of transactions on the network shows a significant decline, which may indicate a slowdown in short-term demand or a change in investor behavior.

The reduced transaction volumes may reflect:

Potentially decreased demand for Bitcoin in the short term.

Reduced interest from short-term investors or traders speculating on price fluctuations.