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The latest analysis from CryptoQuant shows that the Bitcoin network activity index has fallen to 3760, a 15% drop from its historical high in November 2024 and a new low for the year. This index comprehensively measures multiple indicators such as the number of active addresses, transaction volume, block size, and fees. Daily transactions have dropped from a peak of 734,000 to 346,000, a decrease of 53%; unconfirmed transactions in the Bitcoin mempool fell sharply from 287,000 in December 2024 to just 3,000 - nearly a 99% drop - reaching its lowest level since March 2022. The analysis points out that the decline in Bitcoin network activity is mainly due to a sharp reduction in usage of Runes Protocol; its average daily usage has dropped from an April-2024 high of approximately eight hundred thousand times per day down to ten thousand times currently. However, CryptoQuant analysts believe that this decrease in network activity may not directly affect Bitcoin's price trend. Data shows significant increases over time in accumulated addresses which historically often presage rises in bitcoin prices reflecting market recognition of bitcoin as an investment asset and store value.

According to the Associated Press, Ukrainian President Zelensky will lead a delegation to attend the Munich Security Conference next week. The head of the Ukrainian presidential office, Yermak, will also attend the Munich conference. He emphasized that the Ukrainian delegation will present its position on ending the Russo-Ukrainian conflict and realizing a "long-lasting peace" vision. Yermak said: "It is necessary for leaders and political experts attending the Munich conference to realize this momentum. We are very close to truly ending this war through fair and lasting peace, but it is necessary to unite and not give Russia an opportunity to divide the world or partners." US Vice President Pence and President Trump's envoy Kellogg will also attend the Munich Security Conference.