CryptoQuant: Bitcoin network activity cools, market shows clear bearish signs.

CryptoQuant published an analysis stating that the Bitcoin market remains in a bear market, with multiple network indicators showing a significant cooling in activity. Data shows that Bitcoin's 30-day moving average is below its 365-day moving average (-0.52%), confirming the current bear market pattern. Network transaction volume has decreased from approximately 460,000 to approximately 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have decreased from 43.3K to 41.5K, all indicating reduced speculative activity and a defensive market phase. Analysts point out that the current situation is similar to the 2018 bear market, but today's user base is larger (approximately 800,000 vs. 600,000 in 2018), demonstrating stronger structural resilience. Historical experience suggests that such periods of low activity often precede higher volatility, and investors should closely monitor subsequent market developments.