Bitcoin faces a potential correction as long-term holders increase their selling activity, with Coin Days Destroyed reaching an 18-month high. This metric, which measures the number of days since coins were last moved, indicates heightened selling pressure. Meanwhile, active Bitcoin addresses have dropped to an 11-month low, despite high transaction counts, suggesting that speculative transactions are inflating on-chain activity rather than genuine adoption. The current rally appears fragile, with a critical support level at $113.7K. A break below this level could trigger deeper pullbacks. Immediate resistance is identified between $117K and $118.6K, with a breakout above $118.6K potentially signaling renewed momentum. Traders are advised to closely monitor Coin Days Destroyed, active addresses, and key price levels to evaluate the sustainability of the current rally.