Analyst: Bitcoin Network Activity in Cooling-Off Period, Short-Term On-Chain Momentum Easing

BlockBeats News, March 11th, Cryptocurrency market analyst Axel Adler Jr. stated in a social media post that, "Compared to one month and one quarter ago, Bitcoin's (BTC) 30-day average transfer volume has decreased, indicating a weakening of short-term on-chain momentum."

However, this metric is still above the 365-day average level and significantly higher than it was six months ago, suggesting that this is not a structural breakdown but rather a cooling-off phase in network activity following the previous expansion."