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Bitcoin network activity drops to 2018–2019 bear market levels, signaling possible price bottom.

Protocol Fundamentals
10 Aug 2026
Coinpaper
View Source
Neutral
Bitcoin network activity drops to 2018–2019 bear market levels, signaling possible price bottom.

Bitcoin's network activity, measured by active addresses, has fallen to levels last seen during the 2018–2019 bear market, with 30-day and 100-day averages hitting lows similar to those periods. However, historical data shows that low active address counts alone do not reliably predict Bitcoin price bottoms or reversals. Recently, Bitcoin's price hit a local low in June 2026, followed by a rise in network activity, suggesting a potential recovery phase. While this joint recovery of price and activity is promising, it is not a definitive buy signal but rather an indicator to watch alongside other factors.

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