**Bitcoin Network Activity Surge Amid Upward Trend**

Recent data reveals a significant increase in Bitcoin network activity, coinciding with Bitcoin's upward price trend. This heightened activity could potentially reintroduce selling pressure.

On September 18, 4,924 Bitcoins held for 2-3 years and 16,707 Bitcoins held for 1 week-1 month were moved. Subsequent days saw similar patterns, with notable movements including 17,160 Bitcoins on September 19 and 29,292 Bitcoins on September 23, primarily from shorter holding periods.

This surge in coin movement across various age bands suggests a potential shift in market dynamics. Monitoring whether these Bitcoins are transferred to exchanges will be crucial in assessing the depth of selling pressure. Despite the increased activity, the market outlook remains cautiously optimistic.