Bitcoin’s price hasn’t been great in 2025, and it turns out the network itself might be slowing down too. Recent data shows some worrying trends.
Fewer Active Users and Transactions
A crypto analyst, going by the name Yonsei_dent, noticed a decline in Bitcoin’s network activity. One key metric, “Active Addresses,” which tracks how many unique wallets are making transactions, is dropping. This suggests fewer people are actively using Bitcoin.
Even worse, there’s a “death cross” – a bearish signal in technical analysis – where the 30-day average of active addresses fell below the 365-day average. This often means a longer-term downward trend is likely. The analyst also points out that even though these numbers fluctuate, the long-term (365-day) average is still going down, indicating a sustained slowdown.
The number of transactions is also falling, continuing a trend that started in the fourth quarter of 2024.
The Macroeconomic Factor
Yonsei_dent links this decline to global economic uncertainty and increased risk aversion, possibly due to the political climate.
What Does This Mean for Bitcoin’s Price?
This lower network activity is not good news for Bitcoin’s price. Historically, low transaction activity has often meant sideways price movement or even price drops. This could explain Bitcoin’s weak performance in 2025. The price is hovering just above $97,700, with minimal gains in the last day or week.
