📉 Activity on the Bitcoin (BTC) network is approaching historical lows. Traders have slowed transactions significantly in the two months since Bitcoin hit a new all-time high. Data from analytics company Santiment shows a slowdown in activity on the Bitcoin network in recent months.

- Bitcoin network activity is at its lowest since 2019.

- Transaction volume, number of active addresses per day and number of whale transactions are decreasing.

- Bitcoin transaction volumes are approaching their lowest level in 10 years.

- The number of active addresses per day is at its lowest level since January 2019.

This may be due to "fear and hesitancy" among traders. Despite these problems, the price of Bitcoin is relatively stable, hovering around $61,000.