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.