The report from IntoTheBlock said that the proportion of active Bitcoin addresses has come down to a level it’s never touched since November 2010. In June, the rate seemed to have increased to 1.32%, but after 1.22% was reached it ended up being the lowest in Bitcoin history. As a result, the number of active wallets in the terminal phase of May only reached 614,770, transferring reduced trading engagement, which is the market is consolidating now that it is moving through market consolidation.
Bitcoin Activity Hits Lowest Level Since 2010 Amidst Institutional Dominance
