尽管区块链活动最低，比特币（BTC）价格上涨可能会出现

一个比特币（BTC）持有人指标指出，即使区块链的活动在一年内达到最低，即使在未来几个月中的价格上涨

One metric for bitcoin (BTC) holders suggests that price increases may be on the horizon in the coming months, despite activity on the blockchain falling to its lowest in a year, according to a CryptoQuant analysis this week.

比特币（BTC）持有人的一个度量标准表明，根据本周的加密分析，尽管区块链的活动降至一年中最低，但价格上涨可能会在未来几个月内上升。

The firm’s Bitcoin Network Activity Index has fallen 15% since reaching a record high in November 2024 and stood at 3,760 on Friday morning, the lowest since February 2024. The index aggregates metrics including active addresses, number of transactions, block size and fees to indicate growth or a decline in bitcoin usage.

该公司的比特币网络活动指数自2024年11月达到创纪录的纪录以来已下跌了15％，周五早上以3,760级高达3,760，这是自2024年2月以来的最低点。索引聚合指标，包括主动地址，交易次数，块大小和费用，指示增长或比特币使用情况下降。

A sharp decline in the number of transactions highlighted the drop in activity. Total daily transactions numbered 346,000 on Friday, down 53% from a high of 734,000.

交易数量的急剧下降突出了活动的下降。周五，每日交易总数为346,000，比734,000的高点下降了53％。

Low network activity was also evident in the bitcoin mempool, which is a collection of all unconfirmed bitcoin transactions waiting to be included in a block by miners. Mempool volumes fell from a high of 287,000 in December to just 3,000 on Thursday, a decline of nearly 99% to levels not seen since March 2022.

在比特币Mempool中也很明显网络活动也很明显，这是所有未经证实的比特币交易的集合，等待被矿工包含在街区中。 Mempool量从12月的287,000次下降到周四仅3,000，自2022年3月以来未见的水平下降了近99％。

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

根据加密量的说法，暴跌可能归因于符文协议的利用率下降，这是一种直接在比特币上发出可及代币的新方法。

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

它说：“比特币网络活动的下降很大程度上归因于使用符文协议在比特币网络上造成令牌的崩溃。” “这在比特币交易中的OP返回代码的总每日数量中很明显，符文协议用来编写有关网络上令牌造币厂和转移的数据。”

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

“当符文协议于2024年4月启动时，每日OP返回代码数量飙升至802K。但是，此后，OP返回代码的数量已下降，只使用了10K OP返回代码。”该公司补充说。

Despite the drop in activity, it may not directly impact bitcoin price, which is likely to rise due to increasing demand from long-term accumulator addresses in recent weeks.

尽管活动的下降，但它可能不会直接影响比特币价格，这可能会因为最近几周的长期蓄能器地址的需求增加而可能会上升。

Bitcoin Permanent Holder demand is accelerating.

比特币永久持有人需求正在加速。

Historically, this signals strong confidence and often precedes rallies. pic.twitter.com/o2xPydbUhi

从历史上看，这标志着强烈的信心，并且经常在集会之前。 pic.twitter.com/o2xpydbuhi

Such a spike is historically linked to a rally in BTC price and indicates the overall perception of the asset as an investment vehicle, or store of value. Permanent holders are addresses that accumulate BTC over time and never make spending transactions, indicating a long-term holding strategy that creates a lack of sell-side pressure.

这种尖峰历史上与BTC价格的集会有关，表明资产作为投资工具或价值存储的总体看法。永久持有人是随着时间的推移积累BTC而从不进行支出交易的地址，表明长期持有策略会造成缺乏卖方压力。