Bitcoin Hovers Below $110,000: Is This The Calm Before The Storm?
Posted On June 11, 2025
Bitcoin (CRYPTO: BTC) continues to hover below $110,000, but this quiet period might just be the prelude to an explosive move.
According to an analysis published by on-chain analytics provider CryptoQuant on Wednesday, Bitcoin’s active network usage has fallen to just 3,470, the lowest level in 18 months.
Spot trading volume across centralized exchanges has also plunged, now sitting at levels not seen since October 2020.
Retail participation is down over 5%, creating a “ghost town” feel in on-chain activity.
But long-term holders are telling a different story.
In the background, 847,200 BTC has transitioned into long-term holdings, coins that haven’t moved in 155+ days, signaling increasing conviction from seasoned …
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