Bitcoin Liveliness Indicator Reaches New Heights, Suggesting Bull Market Continues

Bitcoin's liveliness indicator has reached new all-time highs, indicating robust on-chain demand despite stable prices around $89,000. The metric measures net transaction activity scaled by coin age and suggests the ongoing bull market cycle remains active with significant capital inflows. The current cycle's liveliness magnitude is far larger than past cycles, with billions in value transacted compared to thousands. This suggests widespread participation and heightened activity in Bitcoin's history.