Bitcoin (BTC) network activity has dropped sharply in recent months until March 27, with active addresses down over 30% since August 2025. ​Active addresses, a measure of the number of unique addresses participating in the Bitcoin network, have dropped by over 280,000, representing 30.2%, during the past 229 days, with CryptoQuant data showing around 655,900 active participants as of March 25. Bitcoin active address analysis for 1 year