K33: Bitcoin network activity at historic low — only 3.8 million BTC moved in 180 days
- —Only 3.8 million BTC moved over 180 days
- —On-chain activity is at a historic low
- —K33: low activity points to weakening seller pressure
Why it matters: A decline in coin movements may mean holders are not selling, which historically coincides with the formation of a cycle bottom.
Source: PANews