Jinse Finance reported that crypto analyst “TXMC” posted on the X platform, pointing out that although Bitcoin prices have recently declined, the liveliness of the current cycle continues to rise. This indicates that there is underlying demand for spot Bitcoin, which is not reflected in the price trend and may suggest that the bull market cycle is not yet over. The analyst stated that this indicator reflects the long-term moving average of on-chain Bitcoin activity and is the sum of all lifecycle spending and on-chain holding activity. During bull markets, as supply changes hands at higher prices, market “liveliness” typically increases, indicating that new investment capital is flowing in.
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Analysis: The rise in Bitcoin's "vitality" indicator suggests the bull market may continue
Jinse Finance reported that crypto analyst “TXMC” posted on the X platform, pointing out that although Bitcoin prices have recently declined, the liveliness of the current cycle continues to rise. This indicates that there is underlying demand for spot Bitcoin, which is not reflected in the price trend and may suggest that the bull market cycle is not yet over. The analyst stated that this indicator reflects the long-term moving average of on-chain Bitcoin activity and is the sum of all lifecycle spending and on-chain holding activity. During bull markets, as supply changes hands at higher prices, market “liveliness” typically increases, indicating that new investment capital is flowing in.