[Analyst: Bitcoin network activity is in a cooling phase, with short-term on-chain momentum weakening] BlockBeats news, on March 11, crypto market analyst Axel Adler Jr. posted on social media stating, 'Compared to one month ago and one quarter ago, Bitcoin (BTC) 30-day average transaction volume has declined, indicating a weakening of short-term on-chain momentum. However, this metric remains above the 365-day average and significantly higher than six months ago, suggesting this is not a structural collapse but rather a cooling phase of network activity following previous expansion.'