Rising Bitcoin ‘liveliness’ indicator suggests bull market may continue: analysts

The Bitcoin 'liveliness' indicator, which tracks the sum of all lifetime spending versus holding activity, is rising despite recent lower prices. Analysts interpret this as a sign of a strong floor of demand for spot Bitcoin not fully reflected in current price action, suggesting the current market cycle may not be over. One analyst noted that liveliness rises during bull runs as supply changes hands, and the magnitude of value involved in these transactions this cycle—in the tens of billions of dollars—is far greater than in 2017. While Bitcoin price consolidated around $89,500, analysts believe the market is near a bottom, anticipating a strong rally toward the end of the year and into Q1.

(Source：Cointelegraph)