X @Messari

Network Activity & Revenue - Bitcoin network activity has significantly decreased despite reaching new all-time highs (ATHs) this year [1] - Daily fee revenue is averaging under $500 thousand, equivalent to $179 million annualized, marking the lowest point since the introduction of ordinals and runes [1] Market Sentiment - The market perceives Bitcoin as a "ghost town" due to the decline in network activity [1] Mining Concerns - The report raises concerns about when Bitcoin miners might start to worry about the reduced fee revenue [1]