Yes, Instagram does allow you to hide your activity status. You can do this by following these steps:
- Go to your profile and tap on the three lines in the top right corner.
- Tap on the ‘Settings’ at the bottom.
- Scroll down and tap ‘Privacy’.
- Under ‘Connections’, you’ll find ‘Activity Status.’
- Tap on it and toggle off the ‘Show Activity Status.’
However, note that when you disable your activity status, you won’t be able to see others’ activity status as well. I hope this helps! Have you tried looking through any other privacy settings to optimize your Instagram experience?