No, it means that there was a peak of user activity in June which is not being sustained.
That peak was never going to be sustained though. We’re approaching the “stick around” number which is good to know.
Why did it had to be the peak, though? We are talking about a time where “major” protests were being taken against a platform with more than 400 million monthly active users. Taking only 100k as the “peak” is already pathetic, now you are telling me that we should be happy to keep a third of that?