🚀 #Bitcoin is still soaring at $67K, despite a drop in new addresses to a low not seen since July 2018. Are traditional investments like ETFs diverting interest from on-chain transactions? 🤔

📉 Data shows a 7-day average of 276K new BTC addresses, a sharp drop from 625K six months ago. Miners' revenue, transaction fees, and on-chain transaction volume are also on the decline.

🔍 The "New Addresses" indicator usually signals an influx of new investors. But with the recent approval of spot Bitcoin ETFs by the SEC, investors might be shifting towards derivatives speculation.

💰 Despite high transaction fees following the Runes hype, fees have stabilized from an average of $31.4 on April 23 to $2.97 on May 18. Yet, the number of active addresses remains low.

🌐 The global crypto market cap today is $2.53 trillion, with most altcoins trading in the red over the past day.

What's your take on this? Are we seeing a shift in the crypto space? Let's chat in the comments! #DeFi #CryptoNews