Bitcoin&#8217;s active address momentum has sunk to its weakest point since April 
2018, even as a separate index tracking overall network health has crossed 
into what analysts call a bull phase for the first time in roughly a year. 
Related Reading: South Korea Imposes 5-Minute Audit Rule On Crypto Platforms A 
Market Driven By Fewer, More Committed Players The active addresses momentum 
metric dropped to -0.25 on April 6, according to CryptoQuant data. The figure 
tracks how fast the number of active addresses is changing, and a negative 
reading points to shrinking user participation. Low readings like this have 
persisted since July 2025 — a stretch that mirrors a similar period in 2024 
that was followed by a 35% price drop. Crypto analyst Gaah, writing on 
CryptoQuant, says the numbers reflect the absence of short-term traders from 
the market. What remains, the analyst argues, is a base of long-term holders 
focused on steady buying rather than trading. Yet even as daily user activity 
contracts, wallets tied to long-term and retail-linked investors have been 
filling up. Data shows BTC held in accumulating address cohorts has reached 
4.37 million coins as of Tuesday — more than double the roughly 2 million held 
by the same group in early 2024. Retail-linked addresses alone added 
approximately 857,000 BTC, while wallets that buy at regular intervals with 
few outflows grew their combined holdings to nearly 1.30 million BTC. All of 
this happened while Bitcoin&#8217;s price stayed below $70,000 for the entire first 
quarter of 2026. Exchange Inflows Slow To A Fraction Of Prior Cycles Coin 
movement through centralized exchanges has dropped sharply compared to earlier 
growth periods. During the 2023 to 2024 expansion, inflows from highly active 
addresses often ran between 1.2 million and 1.5 million BTC. Reports indicate 
recent figures average between 300,000 and 350,000 BTC — roughly a quarter of 
that pace. Less coin is cycling through trading platforms, and more is being 
held off-market in long-term storage. That shift is tightening the available 
supply. When fewer coins sit on exchanges ready to be sold, the liquid supply 
shrinks, and the market becomes more sensitive to any uptick in demand. 
Network Activity Index Crosses A Key Threshold The CryptoQuant Bitcoin network 
activity index climbed to 3,600 from 3,320 on March 22. The index pulls 
together transaction counts and broader throughput signals into a single 
reading. It crossed above its 365-day moving average for the first time since 
December 2024, a level CryptoQuant associates with a bull phase — the first 
such signal since April 2025. Related Reading: XRP Headed For A Price Shock, 
Japan’s Financial Heavyweight Says The split between the two metrics tells an 
unusual story. One index is flashing positive. The other is at an eight-year 
low. Reports suggest the current phase is being pushed along by accumulation 
rather than by widespread network use or new participants entering the market. 
Bitcoin was trading at $72,045 at the time of publication, up nearly 5% on the 
day. Featured image from Meta, chart from TradingView

Accumulation Mode? Bitcoin Holders Quietly Amass 4.37M BTC As Bull Signal Emerges

Worldcoin price is trading at $0.2602, down 3.77% on the day, with the lower 
boundary of a six-month descending channel now pressing directly on price — 
and the all-time low at $0.2415 offering the only remaining floor before 
uncharted territory.…

Will Worldcoin price set a new all-time low as descending channel lower boundary converges on $0.24 support?

Traders on Polymarket and Kalshi are pricing in a fragile truce, with over 
$16.5 million wagered on when or whether Washington will officially close the 
books on its military campaign against Tehran. Key Takeaways: Polymarket’s 
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Bitcoin and global markets rallied after the US and Iran announced a 
ceasefire, but data show BTC bears have not closed most of their positions 
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Bitcoin tops $72K after $280M liquidation targets bears: Will the ‘fragile truce’ hold?

Morgan Stanley listed its own spot bitcoin exchange-traded fund (ETF) on NYSE 
Arca this week, becoming the first major U.S. commercial bank to issue such a 
product directly. Key Takeaways: Morgan Stanley launched MSBT on April 8, 
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Cryptocurrency price in AED