TechFlow news, June 10 — According to the latest data from CryptoQuant, Bitcoin network activity index has dropped to 3.47k, hitting one of the lowest levels in nearly 1.5 years.
The data further shows that retail investor demand has declined by over 5%, with on-chain transactions between $0 and $10,000 noticeably decreasing, indicating weakening interest among small investors.
Meanwhile, spot trading volume on centralized exchanges (CEX) has fallen back to October 2020 levels, reaching a 4.5-year low. Despite stable ETF demand, both on-chain and exchange activities have significantly contracted.
Notably, 847,200 bitcoins have shifted into long-term holder supply, with these tokens dormant for more than 155 days, transitioning from short-term to long-term holdings—a shift last seen in September and October 2024.
Analysts point out that historical data suggests such market quietness often precedes major movements, and investors should closely monitor future developments.
