CryptoQuant: "Bitcoin is currently 'calm before the storm'"

Network Activity Index-BTC Price Correlation Prediction Disclosed

On-chain analysis platform CryptoQuant argued that Bitcoin (BTC) is on the verge of a significant surge based on the slowdown in the Bitcoin network's activity.

On the 11th, CryptoQuant pointed out the historical Network Activity Index (NAI) of the Bitcoin network and the corresponding Bitcoin price changes through its official X account.

According to the graph presented by CryptoQuant, the NAI actually maintained an almost direct proportional relationship with the Bitcoin price, showing a pattern of sharp declines and rises in both the NAI and Bitcoin price.

CryptoQuant highlighted that the NAI has currently dropped to 3,470, recording an 18-month low. This suggests the possibility that the NAI will prepare for a rebound after adjustment, and Bitcoin's price could also rise.

CryptoQuant explained that "the silence of NAI data often heralds a storm".

Reporter Seung-won Kwon ksw@blockstreet.co.kr