PANews reported on December 7th that analyst @TXMCtrades stated on the X platform that Bitcoin's activity metric is rising, potentially indicating that the current market cycle is not yet over. Activity is the sum of all on-chain lifecycle spending and holding activity. Activity increases when tokens are net traded; it decreases when tokens are held, and adjusts based on the token's issuance date. In a bull market, activity typically increases as supply changes hands at higher prices, indicating new capital inflows. As demand weakens, momentum slows, and the indicator declines. It's a concise indicator, similar to a long-term moving average of on-chain activity. Despite the price decline, activity in this cycle continues to rise, indicating a bottom in spot Bitcoin demand that is not yet reflected in price action. While activity typically lags far behind price movements and is therefore not a market signal, the momentum remains positive from this perspective. Some large entities are taking action in the market; it's just that their identities are unknown. PANews reported on December 7th that analyst @TXMCtrades stated on the X platform that Bitcoin's activity metric is rising, potentially indicating that the current market cycle is not yet over. Activity is the sum of all on-chain lifecycle spending and holding activity. Activity increases when tokens are net traded; it decreases when tokens are held, and adjusts based on the token's issuance date. In a bull market, activity typically increases as supply changes hands at higher prices, indicating new capital inflows. As demand weakens, momentum slows, and the indicator declines. It's a concise indicator, similar to a long-term moving average of on-chain activity. Despite the price decline, activity in this cycle continues to rise, indicating a bottom in spot Bitcoin demand that is not yet reflected in price action. While activity typically lags far behind price movements and is therefore not a market signal, the momentum remains positive from this perspective. Some large entities are taking action in the market; it's just that their identities are unknown.
Analysts: Bitcoin on-chain activity is rising, demand remains strong, and this cycle may not be over yet.
PANews reported on December 7th that analyst @TXMCtrades stated on the X platform that Bitcoin's activity metric is rising, potentially indicating that the current market cycle is not yet over. Activity is the sum of all on-chain lifecycle spending and holding activity. Activity increases when tokens are net traded; it decreases when tokens are held, and adjusts based on the token's issuance date.
In a bull market, activity typically increases as supply changes hands at higher prices, indicating new capital inflows. As demand weakens, momentum slows, and the indicator declines. It's a concise indicator, similar to a long-term moving average of on-chain activity.
Despite the price decline, activity in this cycle continues to rise, indicating a bottom in spot Bitcoin demand that is not yet reflected in price action. While activity typically lags far behind price movements and is therefore not a market signal, the momentum remains positive from this perspective. Some large entities are taking action in the market; it's just that their identities are unknown.
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