Bitcoin's active growth momentum shows concerning signals as the 365-day moving average just slipped to levels not seen in 6 years. This metric tracks the net growth rate of active addresses on the network—a key indicator of organic adoption trends. When this average hits multi-year lows, it often reflects reduced network activity and slower ecosystem expansion during the current cycle. Market participants closely monitor this metric alongside price action to gauge whether Bitcoin's growth story remains intact or faces headwinds.