Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs
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CryptoQuant’s Bitcoin Network Activity Index shows Bitcoin network activity is close to record highs even though BTC is still trading below its all-time high. The index, which tracks active addresses, transaction volumes, UTXOs and block space demand, points to strong on-chain adoption and sustained transactional and DeFi-related demand, a potentially bullish signal for crypto markets.
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Bitcoin network activity remains close to record highs, according to CryptoQuant’s Bitcoin Network Activity Index, even though the cryptocurrency is still trading below its all-time high.
The index tracks metrics such as active addresses, transaction volumes, unspent transaction outputs (UTXOs), and demand for block space to measure actual activity on the network.
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