Bitcoin On-Chain Activity Hits Two-Year Lows Despite $80K Price Recovery

TLDR: Bitcoin on-chain activity has fallen to 2-year lows, with only 531K wallets making daily transfers. BTC’s 22% price rise over five weeks is not backed by broad network participation or new user growth. Only 203K new Bitcoin wallets are created daily, a figure that sits at the lowest point in two years. Santiment warns [...]

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