Analyst: BTC network activity contracting alongside price

Bitcoin is experiencing a contraction not only in price but also in network activity, according to an analysis by crypto analyst Oro Crypto. In a post on X, the analyst noted that the number of active addresses, a key indicator of network health, has shown a clear downtrend. After peaking at 938,609 last August, the number of active addresses fell by approximately 30% to 655,908 as of March 25. This suggests a sustained slowdown in on-chain activity, he said. Oro Crypto added that a simple price rebound is unlikely to lead to a structural recovery in on-chain activity and that a full-scale market expansion would require both a price increase and a rebound in network engagement.