Odaily News The latest analysis by CryptoQuant shows that the Bitcoin network activity index has fallen to 3760, down 15% from its all-time high in November 2024, hitting a one-year low. The index comprehensively measures multiple indicators such as the number of active addresses, the number of transactions, the size of blocks and handling fees. The daily transaction volume fell from a peak of 734,000 to 346,000, a drop of 53%; the number of unconfirmed transactions in the Bitcoin transaction pool (mempool) dropped from 287,000 in December 2024 to 3,000, a drop of nearly 99%, to the lowest level since March 2022. The analysis pointed out that the decline in Bitcoin network activity was mainly due to the sharp drop in the use of the Runes Protocol, whose average daily usage dropped from 802,000 in April 2024 to 10,000 at present. However, CryptoQuant analysts believe that the decline in network activity may not directly affect the trend of Bitcoin prices. Data shows that the long-term cumulative address has increased significantly, which historically often indicates an increase in Bitcoin prices, reflecting the market's recognition of Bitcoin as an investment asset and a store of value. (Coindesk)