Bitcoin's market value is increasingly disconnected from its on-chain activity, with over 60% of BTC remaining dormant for more than a year. This trend is accompanied by declining transaction volumes and low miner fees, highlighting concerns about the network's long-term sustainability. While emerging models like BTCFi aim to unlock value through yield products, adoption remains limited. The majority of Bitcoin is held in cold storage, raising questions about the network's future viability beyond block rewards.