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Axel Adler, a prominent cryptocurrency analyst, has released new data showing a decline in user activity on the Bitcoin (BTC) network.

This comes as the price of Bitcoin recently surpassed $100,000 and is currently trading around $105,300.

According to Adler, the weekly change in the volume of active addresses on the Bitcoin network has turned negative, indicating a decline in investor participation.

This situation occurs as Bitcoin has entered the final phase of its four-year cycle, a period that is usually accompanied by significant price growth.

Analysts believe that Bitcoin must break the resistance level of $106,000 to continue its upward trend.

As Bitcoin's price hits new heights, it's surprising to see a dip in user activity.