activity

CryptoQuant: BTC on-chain activity hits a one-year low, surge in demand from long-term holders may signal a price increase

According to ChainCatcher news, as reported by CoinDesk, CryptoQuant's latest analysis shows that the Bitcoin network activity index has dropped to 3760, down 15% from the historical high of November 2024, marking a new low for the past year. This index comprehensively measures multiple indicators such as the number of active addresses, transaction volume, block size, and transaction fees.Specific data shows that daily transaction volume has decreased from a peak of 734,000 transactions to 346,000 transactions, a decline of 53%; the number of unconfirmed transactions in the Bitcoin transaction pool (mempool) has plummeted from 287,000 in December 2024 to 3,000, a drop of nearly 99%, reaching the lowest level since March 2022.Analysis indicates that the decline in activity is primarily due to the reduced usage of the new protocol Runes Protocol for issuing fungible tokens on the Bitcoin network. This protocol writes token minting and transfer data on the Bitcoin network through the OP RETURN opcode, with its daily average usage dropping from 802,000 in April 2024 to the current 10,000.However, CryptoQuant believes that the decline in network activity may not directly affect Bitcoin's price trend. Data shows that the demand for long-term accumulation addresses (addresses that never participate in spending transactions) has significantly increased recently, a phenomenon that historically often signals a rise in Bitcoin prices, reflecting the market's recognition of Bitcoin as an investment asset and a store of value.

SoSoValue has launched an index token staking mining activity, with the platform token $SOSO rising 64.89% in 1 hour and 78.21% in 24 hours, reaching a peak price of 1.64 USD

ChainCatcher news, the AI-driven asset management and investment research platform SoSoValue launched its exclusive "Staking Mining for Index Tokens" event on January 25 at 20:00 Beijing time on its official website. According to data from the official website, the staking mining APY can reach as high as 3158% based on the current value of $SOSO. As a result of this news, the platform token $SOSO surged by 64.89% in one hour, with FDV exceeding 1.6 billion USD.According to the introduction, SoSoValue is an AI-driven asset management and investment research platform that provides users with AI-based market analysis, investment decision AI agents, and trading and issuance services for cryptocurrency index fund tokens, with over 10 million registered users.Currently, MAG7.ssi is a passive index fund token representing leading opportunities in the cryptocurrency market, issued on the Base chain by the SoSoValue index issuance protocol SSI Protocol. It covers seven major cryptocurrencies, including Bitcoin, Ethereum, and Solana, synthesized in spot on their native chains, providing rich asset allocation to help investors diversify risks. It maintains the optimal portfolio state through an intelligent monthly rebalancing mechanism, with returns and drawdowns over the past three years outperforming Bitcoin. Additionally, due to its index characteristics, MAG7.ssi aggregates the liquidity of the top seven coins such as BTC and ETH, making it suitable for investors seeking long-term growth and enjoying the dividends of the cryptocurrency market's development.Currently, the MAG7.ssi index token has been listed on exchanges such as Gate.io, Bingx, MEXC, and KCEX. Meanwhile, on-chain monitoring shows that MAG7.ssi token liquidity ranks in the top five in the Base chain Uniswap liquidity pool.
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