The data shows that the new traffic in the BTC market has been declining for three consecutive weeks, and the activity on the chain is slowly bottoming out.

According to TokenInsight data, the BTC 24h transaction volume was $13.3 billion, the number of active addresses decreased by 15.54% from the previous day, and the number of transfers increased by 2.8% from the previous day. BCtrend analyst Jeffrey believes that the new traffic in the BTC market has been declining for three consecutive weeks, and the activity on the chain has slowly bottomed out and will continue to consolidate in the short term. Note: The above content is for reference only and does not constitute investment advice.