The proportion of weekly active addresses on the Bitcoin network hit a new low, and the total number of active wallets reached the lowest level in many years

According to Odaily Planet Daily, IntoTheBlock's onchain data shows that the proportion of weekly active addresses on 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 a multi-year low, with 614,770 weekly active addresses recorded on May 27, the lowest record since December 2018.