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Bitcoin’s network activity has shown signs of slowing down, as indicated by various key metrics such as trading volume, daily active addresses, circulation, and the Network Value to Transactions (NVT) ratio. Trading volume has dropped sharply after an initial price surge, which may signify decreased interest among investors. Daily active addresses have grown slowly despite the recent price increase, suggesting a divergence between market value and actual usage of Bitcoin. The circulation of Bitcoin has also reduced, indicating a weakening in the network’s transactional utility. Finally, the NVT ratio has demonstrated an overvaluation of the network relative to transaction volume. These metrics raise concerns about the network’s sustainability and could eventually lead to market correction in the short to medium term. Nevertheless, positive developments in the broader crypto market, such as increased institutional investment, could contribute to a more optimistic outlook for the Bitcoin price.