While Bitcoin continues to capture the attention of the markets, the latest data shows a striking contrast between the activity of the network and its net capital. The daily transfer volume dropped by 76 %, while the capitalization made jumped $ 160 billion in three months. A dynamic that questions: are we witnessing a critical slowdown or a strategic consolidation before a new bullish impetus? Since its last summit beyond $ 100,000, Bitcoin has struggled to maintain its momentum. The pressure is intensifying, and some analysts anticipate a possible return under 90,000 dollars. However, despite a net declining activity, the influx of fresh capital and the resilience of long -term investors offer an interesting counterpoint.
A collapse of the volume of transactions on the Bitcoin network
The latest statistics shed light on a significant drop in activity on Bitcoin blockchain. This volume of daily transfers dropped by 76 %, a sign that the enthusiasm of the market runs out of steam. At the same time, the number of active portfolios decreased by 74 % in just seven days, an indicator that reflects a marked slowdown in exchanges.
According to Axel Adler Jr., a specialized analyst, this situation stems from a lower participation of short -term investors. Less transactions involve less costs collected on the network, which could also affect the profitability of minors. “The Bitcoin network crosses a latency phase marked by a fall in transactional activity”, explain The latter in a publication on February 23, 2025. This decrease in the use of the network coincides with a more hesitant market, where institutional investors show signs of prudence.
Long -term investors are good in the face of uncertainty
If the activity of the Bitcoin network is decreasing, some signals suggest that the market remains fundamentally solid. The capitalization carried out, which represents the total value of the BTC according to their latest purchase price, increased by $ 160 billion. Sina G, co-founder of 21st Capital, underlines In a publication on platform X on February 24, 2025 that “new net capital was injected into the market, which strengthens the robustness of the bitcoin”. Contrary to appearances, it is therefore not an exodus of capital, but a strategic redistribution of assets.
However, downward pressures remain present. The drying up of flows to the cashcoin ETF is also worrying: $ 364 million in outings were recorded on February 20, a sign of prudence among institutional investors.
The current state of bitcoin perfectly illustrates the tension between an accumulation phase and a risk of correction. On the one hand, long -term holders remain confident and new capital injections suggest renewed strategic interest. On the other hand, the drop in transactions and institutional flows could point out a exhaustion of upward dynamics.
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