Analyst: Bitcoin on-chain activity cools in the short term, but the long-term trend remains strong

Cryptocurrency market analyst Axel Adler Jr. posted on the X platform that the 30-day average Bitcoin transfers have decreased compared to the past month and quarter, indicating a weakening of short-term on-chain momentum. However, this average is still above the 365-day average and significantly higher than levels six months ago, suggesting that network activity has not experienced a structural decline, but is merely in a cooling phase following previous expansion.