📉 Bitcoin's active wallet ratio has hit a 10-year low, dropping to 1.22% in June, the lowest since November 2010. The total number of active wallets is also at a multi-year low, with only 614,770 active in the week of May 27. This suggests a market consolidation phase with less buying and selling activity. Experts attribute this to weaker retail participation, with institutional capital driving this year's run. Meanwhile, the Bitcoin ecosystem's new fungible token protocol, Runes, has seen a drop in activity. But don't fret, folks, it's just a temporary lull! 🎢