比特币（BTC）网络活动指数下降到1年低，但长期持有人的积累表明价格上涨

一项加密分析指出，即使区块链的活动在一年内达到最低，比特币（BTC）持有人指标也指出，即使在未来几个月中，价格上涨。

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.

加密分析显示，尽管区块链活动跌至一年低点，但比特币BTCUSD价格性能的关键指标是在未来几个月内提高了信号。

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月创下创纪录的高高以来，该公司的比特币网络活动指数下降了15％，截至周五上午，该指数达到了3,760，这是自2024年2月以来的最低水平。该指数汇总了几个比特币指标，包括活动地址，包括活动地址，交易量，块，块，块，块尺寸和费用，以表示比特币使用的扩展或收缩。

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.

交易数量的急剧下降导致较低的活动读数。截至周五，每日交易总数为346,000，比734,000的高点下降了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.

在比特币Mempool中还可以看到低网络活动，该活动是所有未经证实的比特币交易的集合，等待矿工在一个街区中纳入其中。 Mempool量从12月的287,000次撞击到截至周四仅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.

根据加密量，暴跌可能是由于符文协议的利用率降低，这是一种直接在比特币上发出可函数代币的新方法。

“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：“比特币网络活动的下降可能主要归因于使用符文协议在比特币网络上造成令牌的崩溃。” “这反映在比特币交易中的OP返回代码的总每日数量中，符文协议用来在网络上编写有关令牌薄荷和转移的数据。”

“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.

“当2024年4月出现符文协议时，每日OP返回代码飙升至802K。但是，从那时起，OP返回代码的数量仅使用了10K，”该公司补充说。

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.

尽管如此，活动的下降可能不会直接影响比特币价格，由于最近几周的长期蓄能器地址需求增加，这可能会增加。

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.

这种尖峰在历史上与BTC价格的集会有关，并表明对加密货币作为投资资产或价值存储的总体看法。永久持有人是不断增加其BTC持有的地址，并且从不进行支出交易，这表明长期持有策略会造成缺乏卖方压力。