Bitcoin’s Age Cohort Concentration Index (HHI) is dropping, reflecting broader participation among holder groups, which historically leads to more sustainable price increases.
With Bitcoin nearing 124,000 USD, the price remains stable within an ascending channel. Frequent resistance tests indicate active selling, necessitating a strong strategy for traders.
Decreasing on-chain activity is raising questions about the sustainability of Bitcoin’s momentum. While current price action seems bullish, reduced network usage could offset positive trends.
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