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Bitcoin On-Chain Activity Hits Two-Year Low Despite Price Recovery, Clear Divergence Noted by Santiment

2026/05/06 23:56
CoinPost
Written by Enzo
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Bitcoin On-Chain Activity Hits Two-Year Low Despite Price Recovery, Clear Divergence Noted by Santiment

BTC Price Recovers to $80,000 but Network Participation Remains Low

Despite Bitcoin's price recovery to $80,000, a level last seen three months ago, on-chain activity for Bitcoin (BTC) has dropped to its lowest in two years, according to a post by on-chain analysis platform Santiment. This reveals a stark divergence between price trends and actual network usage. According to Santiment's aggregated data, the current daily number of Bitcoin transaction wallets is approximately...

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Iolite Vol.20

Iolite Vol.20

July 2026 issueReleased on 2026/05/29

Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.

MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.