Bitcoin network activity down 30% from highs as ‘tepid’ demand mimics mid-2019

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© Reuters.

(BTC) is now seeing “tepid” demand just three months after hitting its last all-time high, according to on-chain analytics firm Glassnode.

In a February 18 tweet, researchers reported a dramatic change in Bitcoin’s on-chain activity compared to just three months ago.

Annotated chart of Bitcoin daily active entities. Source: Glassnode/Twitter
Annotated graph of total Bitcoin daily transfer volume. Source: Negentropic/Twitter

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