Bitcoin 'Liveliness' Metric Climbs Despite Flat Prices, Signaling Bull Market Momentum Persists

A blockchain metric known as 'liveliness' is trending upward even as Bitcoin prices remain stagnant, data show. The indicator measures the ratio of coins being transacted relative to those held, weighted by age, and its rise historically aligns with bull market activity. Analysts note that dormant coins are moving at unprecedented scale, signaling a major capital rotation that may indicate the current cycle has not yet concluded.