#链上分析工具 Recently, I came across an interesting on-chain metric - "Liveliness"(Liveliness). An increase in this indicator usually suggests that the bull market may continue and is worth paying attention to. Although recent prices have pulled back, the liveliness is still rising, indicating that there is still demand at the market bottom. This reminds me of a similar situation I encountered when copying trades before; on the surface, it seemed pessimistic, but in reality, there were underlying currents.

In the long term, this indicator reflects the comparison between on-chain transaction activity and holding behavior. When more Bitcoin flows on-chain, liveliness increases; conversely, it decreases. The current upward trend indicates that despite price fluctuations, new funds are continuously entering the market.

As a cautious player, I wouldn't draw conclusions easily. But this indicator has indeed given me some confidence, and perhaps I could consider moderately increasing my copy trading position. Of course, specific operations should be considered in conjunction with other factors. After all, practice makes perfect; only through personal experience can one truly understand the market.