$BTC The Bitcoin age index is declining, will BTC's value hold up against selling pressure?

The Bitcoin Age Concentration Index (HHI) is decreasing, indicating widespread participation among investor groups, which history has shown often leads to more sustainable price increases.

With Bitcoin near $124,000, the price remains stable within a gradually increasing channel. Frequent resistance checks indicate that sellers are still active, necessitating a strong strategy for traders.

Decreasing on-chain activity is raising questions about the sustainability of Bitcoin's upward trend. Although the current price action appears optimistic, reduced network usage could undermine positive trends.