TechFlame reports that cryptocurrency market analyst Axel Adler Jr. posted on X, stating that Bitcoin's 30-day average transfer volume has declined compared to the previous month and quarter, indicating a weakening of short-term on-chain momentum. However, this average remains above the 365-day average and is significantly higher than the level from six months ago, suggesting that network activity has not experienced a structural decline but is merely in a cooling phase following previous expansion.