BTC liveliness in 2025 shows a trend of accumulation
The post BTC liveliness in 2025 shows a trend of accumulation appeared on BitcoinEthereumNews.com.
The first half of 2025 arrived with several price records. This cycle turned out differently, as whales tended to hold, instead of distribute. Since January 2025, a trend of holding has established itself for BTC. The liveliness metric shows that, compared to previous rallies, the current market has not led to coin distribution. Liveliness is a metric of how many coins are spent versus how many are held, and reflects directly on-chain activity. Large holders preferred to accumulate coins, turning into long-term BTC supporters. The BTC liveliness metric slowed down in 2025 | Source: Chain Exposed Since the start of 2025, the liveliness metric points to a holding trend, rather than distribution. BTC has also not seen panic-selling or capitulation during this year’s bull market, as retail already liquidated its holdings during previous bull markets. The recent trend of holding arrived at a time when BTC fluctuated in a new tight range, mostly above $100,000, with the occasional dip to the $80,000 range. This time, even the market drawdown did not create panic-selling. The recent accumulation continued as BTC traded above $109,000 during the latest market recovery. Later, BTC jumped again to $110,360, on track to new all-time peaks. BTC transactions slow down The 2025 market cycle also continues without a deep correction, as drawdowns rarely exceeded 25% of the market price. The perception of BTC also changed, turning from a speculative asset to a store of value. BTC transaction fees also indicate extremely low on-chain activity. Transaction fees range between $0.15 and $0.30, despite the price hovering within a few thousand dollars of a new all-time high. During previous market rallies, transactions would pick up for BTC, often creating network congestion. This cycle, even near-record prices, rarely spikes on-chain activity. At the same time, BTC accumulates into a new…
