# Сопутствующие статьи по теме Liveliness

Bitcoin Distribution Ends: Mid-Cycle Pause Or Start Of A Longer Bear Market?

Bitcoin has faced persistent selling pressure since its October 2025 all-time high near $125,000, with prices dropping sharply toward $60,000. According to analyst Axel Adler, on-chain data—specifically the Entity-Adjusted Liveliness metric—peaked in December 2025 and has since trended downward, historically signaling the end of distribution and the start of accumulation phases. Previous cycles suggest such transitions can last 1.1 to 2.5 years, implying the current market may be entering a prolonged restructuring period rather than a brief pause. Investors are monitoring both price action and on-chain signals to gauge whether further downside risk or stabilization lies ahead.

bitcoinist02/18 08:04