market consolidation

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A digital chart showing the decline in Bitcoin active addresses over time, with a backdrop of institutional investors and retail investors in contrasting scenes. Incorporate elements of whale movements and the Runes token protocol for added context.

Bitcoin Activity Hits 14-Year Record Low

By Vukan Ljubojevic | TH3FUS3 Senior Writer

The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010. Onchain data from IntoTheBlock reveals a significant drop in the ratio of active wallets and total active wallets. This decline signals market consolidation and reduced retail participation.

June 28, 2024 12:21 PM

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