Analyst: Bitcoin network activity is cooling down, with short-term on-chain momentum weakening
BlockBeats News, on March 11, crypto market analyst Axel Adler Jr. posted on social media stating, "Compared to one month and one quarter ago, bitcoin (BTC) 30-day average transfer volume has decreased, indicating that short-term on-chain momentum has weakened.
However, this metric is still above the 365-day average and much higher than six months ago, suggesting that this is not a structural collapse, but rather a cooling-off phase in network activity following previous expansion."
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