📉 Bitcoin's active address ratio has hit a 10-year low, folks! 😱 According to IntoTheBlock, the ratio dipped to a measly 1.22% in June. The last time we saw such numbers? November 2010! It's like a retro party, but not the fun kind. 🥳

The total active wallets have also hit a multi-year low. We're talking 614,770 active wallets, the lowest since December 2018. What's going on, Bitcoin? 🤔

This drop suggests a phase of market consolidation, with less buying and selling activity among holders. Juan Pellicer from IntoTheBlock attributes this to weaker retail participation.

Meanwhile, the launch of Runes, a new token protocol, hasn't quite stirred up the activity as expected. It seems the crypto spotlight is currently on memecoins and celebrity tokens.

So, what's your take on this? Is Bitcoin taking a nap or is this the calm before the storm? Share your thoughts below! 👇