According to Foresight News, the average daily creation of new Bitcoin wallets has dropped to its lowest level since 2018. Over the past week, the number of new wallets created daily was 275,000, a significant decrease from the 625,000 recorded six months ago.
In addition to this, other related metrics have also shown a downward trend. The income of miners, measured by the hash rate, has fallen to a historical low. Similarly, transaction fees on the network and on-chain transaction volume indicators are also on a declining trend.