比特幣（BTC）網絡活動指數下降到1年低，但長期持有人的積累表明價格上漲

一項加密分析指出，即使區塊鏈的活動在一年內達到最低，比特幣（BTC）持有人指標也指出，即使在未來幾個月中，價格上漲。

A key metric for bitcoin BTCUSD price performance is signaling gains in the coming months despite blockchain activity falling to a one-year low, a CryptoQuant analysis showed this week.

加密分析顯示，儘管區塊鏈活動跌至一年低點，但比特幣BTCUSD價格性能的關鍵指標是在未來幾個月內提高了信號。

The firm’s Bitcoin Network Activity Index has declined by 15% since a record high in November 2024, reaching 3,760 as of Friday morning, which is its lowest level since February 2024. The index aggregates several bitcoin metrics, including active addresses, transaction count, block size and fees, to indicate an expansion or contraction in Bitcoin usage.

自2024年11月創下創紀錄的高度以來，該公司的比特幣網絡活動指數下降了15％，截至週五上午，這是自2024年2月以來的最低水平。該指數匯總了幾個比特幣指標，包括活動地址，包括活動地址，交易量，塊，塊，塊，塊尺寸和費用，以表示比特幣使用的擴展或收縮。

A sharp drop in transaction count led to the lower activity reading. The total daily transaction count was 346,000 as of Friday, down 53% from a high of 734,000.

交易數量的急劇下降導致較低的活動讀數。截至週五，每日交易總數為346,000，比734,000的高點下降了53％。

The low network activity is also seen in the Bitcoin mempool, which is a collection of all unconfirmed bitcoin transactions awaiting inclusion in a block by miners. Mempool volumes crashed from a high of 287,000 in December to just 3,000 as of Thursday, a decline of nearly 99% to levels last seen in March 2022.

在比特幣Mempool中還可以看到低網絡活動，該活動是所有未經證實的比特幣交易的集合，等待礦工在一個街區中納入其中。 Mempool量從12月的287,000次撞擊到截至週四僅3,000，在2022年3月上次下跌的水平下降了近99％。

According to CryptoQuant, the plunge may be due to a decreased utilization of Runes Protocol, a relatively new method for issuing fungible tokens directly on Bitcoin.

根據加密量，暴跌可能是由於符文協議的利用率降低，這是一種直接在比特幣上發出可函數代幣的新方法。

“The decline in Bitcoin’s network activity can be largely attributed to a collapse in the use of the RUNES protocol to mint tokens on the Bitcoin network,” it noted. “This is reflected in the total daily number of OP RETURN codes in Bitcoin transactions, which the RUNES protocol uses to write data on the network regarding token mints and transfers.”

它指出：“比特幣網絡活動的下降可能主要歸因於使用符文協議在比特幣網絡上造成令牌的崩潰。” “這反映在比特幣交易中的OP返回代碼的總每日數量中，符文協議用來在網絡上編寫有關令牌薄荷和轉移的數據。”

“When the RUNES protocol emerged in April 2024, daily OP RETURN codes spiked to 802K. However, since then, the number of OP RETURN codes has plummeted, with only 10K used,” the firm added.

“當2024年4月出現符文協議時，每日OP返回代碼飆升至802K。但是，從那時起，OP返回代碼的數量僅使用了10K，”該公司補充說。

Still, the drop in activity may not have a direct impact on bitcoin prices, which are seen as likely to rise due to increased demand from long-term accumulator addresses in recent weeks.

儘管如此，活動的下降可能不會直接影響比特幣價格，由於最近幾週的長期蓄能器地址需求增加，這可能會增加。

Such a spike has been historically linked to a rally in the BTC price and indicates the overall perception of the cryptocurrency as an investment asset or store of value. Permanent holders are addresses that continuously add to their BTC holdings and never engage in spending transactions, which suggests a long-term holding strategy that creates a lack of sell-side pressure.

這種尖峰在歷史上與BTC價格的集會有關，並表明對加密貨幣作為投資資產或價值存儲的總體看法。永久持有人是不斷增加其BTC持有的地址，並且從不進行支出交易，這表明長期持有策略會造成缺乏賣方壓力。