Bitcoin Transaction Activity Falls to 11-Month Low: Key Insights and Implications for Investors and the Crypto Market
Recent on-chain data shows that Bitcoin network activity has significantly dropped over the past few months, reaching its lowest levels since March 2024. According to CryptoQuant’s Julio Moreno, the mempool—a space where pending transactions wait for processing—has become unusually empty, indicating reduced demand for transactions. This downturn is largely due to the waning excitement around ...
