Bitcoin Network Activity Hits 14-Month Low

Bitcoin’s active addresses have reached a 14-month low, signaling declining network participation. According to data from CryptoOnchain and historical trends, this decline began in early 2025, dropping significantly from peaks of over 1.1 million addresses seen last November. This reduction reflects waning user activity, with retail participants playing a key role. Market observers are observing a shift toward potential accumulation phases due to the prolonged downtrend.