The proportion of active addresses in the Bitcoin network has dropped to its lowest point since 2010

IntoTheBlock data shows that the proportion of active addresses in the Bitcoin network has dropped to a low of 1.22%, lower than the record set in November 2010. In addition, the total number of active wallets has also reached its lowest point in many years, with 614,770 weekly active addresses recorded on May 27th, which is the lowest record since December 2018. Since halving, the amount of BTC extracted from miner-associated wallets has decreased from over 50,000 per day to less than 10,000 per day, a decrease of up to 85%.