Bitcoin Stalls Near $87K as Network Activity Hits Yearly Lows

[ed]

Bitcoin continues to trade near the $87,000–$88,000 range, but onchain data suggests the market is running on low participation. According to CryptoQuant, Bitcoin’s 30-day average of active addresses has fallen to around 807,000 — the lowest level seen in the past year.

The decline signals reduced engagement from retail users and short-term traders, even as price remains relatively stable. Analysts note that while selling pressure appears muted, the lack of fresh activity is limiting Bitcoin’s ability to push convincingly above the $90,000 resistance zone.

[madtrader]

Market feels quiet right now, like everyone’s waiting for something to happen