Bitcoin’s On-Chain Activity Flashes Bearish Warning
Bitcoin On-Chain Activity Report, April 2025
Bitcoin’s on-chain activity continues to decline. What looked like a lull last month has now turned into a full-blown bearish trend.
What’s behind this trend? What does it mean? And what other key signal should you be watching right now?
That’s what we’re going to cover today.
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Bitcoin’s On-Chain Activity Flashes Bearish Warning
The Takeaway
Bitcoin’s on-chain activity is breaking down across all timeframes, a signal that historically aligns with the end of bull markets.
The root cause?
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