Bitcoin Network Activity Hits Six-Month Low, Key Levels Come Under Focus

Bitcoin's network activity has been sluggish for six months, with data from CryptoQuant showing a prolonged period of weak on-chain participation. This trend is reminiscent of the one observed in 2024, when similar weak activity preceded a significant correction.

CryptoQuant's 'Active Addresses Momentum' chart provides insight into this trend, tracking changes in active addresses over time. The indicator has remained below zero since mid-2025, with brief rebounds failing to hold and deeper negative readings throughout early 2026.