CryptoQuant: Bitcoin network activity cools down, Bear Market characteristics are evident.

[CryptoQuant: Bitcoin Network Activity Cooling Down, Market Bear Market Characteristics Obvious] CryptoQuant's analysis indicates that the Bitcoin market is in a prolonged bear market state, with multiple network indicators showing a significant cooling of activity. Data shows that the Bitcoin 30-day MA is below the 365-day MA (-0.52%), and the bull-bear cycle indicator confirms the current bear market pattern. The number of network transactions has decreased from approximately 460,000 to about 438,000, fees have dropped from $233,000 to $230,000, and highly active Addresses have reduced from 43.3K to 41.5K, all indicating a decrease in speculative activity and a defensive phase in the market. Analysts point out that the current situation is similar to the 2018 Bear Market, but today’s user base is larger (about 800,000 vs. 600,000 in 2018), indicating stronger structural resilience. Historical experience shows that this low activity period is usually a prelude to higher volatility, and investors should closely monitor subsequent market changes.