The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMedium•23 February 2026•

1 min read

Bitcoin Network Activity Slumps as ETFs See $4.5 Billion in Outflows

A composite image showing Bitcoin coins, financial dashboards with charts and data, and arrows indicating capital outflow and fund withdrawal.

Key Facts

1Active unique addresses on the Bitcoin network have dropped by 31% amid six months of weakening activity.

2Bitcoin ETFs experienced $4.5 billion in outflows during 2026.

The Bitcoin network is experiencing a significant contraction in user participation, with active unique addresses dropping by 31% over the past six months. This prolonged decline in network activity highlights a cooling period for the world's largest cryptocurrency. Institutional sentiment has also shifted, as evidenced by $4.5 billion in capital exiting spot Bitcoin ETFs during 2026. Interestingly, total transaction volumes have remained relatively stable despite the vanishing user base, a trend that could mislead some market participants. The combination of a shrinking network breadth and massive institutional outflows suggests a lack of conviction among current investors. Market analysts warn that these on-chain metrics often precede periods of price stagnation or further downward pressure on BTC/USD.