I noticed that Bitcoin network activity has significantly declined. It has decreased by 15% from its November peak, dropping to 3,760 points. It's at its lowest level in over a year.



Looking more closely, this seems mainly due to a sharp decrease in daily transaction volume. In September, there were 734,000 transactions, but now it's down to 346,000. A 53% decrease.

According to the latest analysis from CryptoQuant, the fair value of Bitcoin is indicated to be between $48,000 and $95,000. If the current market price exceeds this range, it could be overvalued. The decline in network activity and the price gap are worth paying close attention to.
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