it has elicited concerns among investors due to the heightened activity amid the ongoing market downturn.
How that the heightened activity amid ongoing market downturn will be a concern while not all transactions doesn’t revolved on trading. Bitcoin is being use for different services such as mixing, payment, remittance, gambling and many more which is not affected when the price is dumping. I think it will be more concerning if the transaction activity will be lower because it means that the adaption is slowing down due to fear in the market.
Just as you mentioned, other services which do not record the $ value of Bitcoin such as gambling payment for tickets are all areas that contribute more to the Bitcoin ecosystem than traders on the long term basis.
in its market value, raising concerns among individual investors who may have suffered losses due to the significant market volatility. The price of Bitcoin exhibited fluctuations within a range of approximately 2,700 points, with its highest point for the week hitting $28,176 and its lowest reaching $25,451, eventually stabilizing within a precarious range.