📉🔄 According to Santiment, the on-chain transaction volume of Bitcoin has reached a three-year low. This metric encompasses various aspects like peer-to-peer payments, exchange deposits and withdrawals, and miner fee volume. While reduced network activity doesn't automatically signify a bear market, it does signal a period of bearish sentiment among traders. This decline in activity is often interpreted as a sign of caution. 📊🐻 #Bitcoin #OnChainActivity #MarketSentiment #Cryptocurrency