[Analyst: Bitcoin 'Liveliness' Indicator Rising, Suggesting Bull Market May Persist] BlockBeats News, December 7, according to Cointelegraph, analyst TXMC stated that the technical indicator Liveliness is rising, which historically often represents bull market activity and may indicate that the current market cycle is not yet over. TXMC said: 'Despite the price decline, the Liveliness of this cycle continues to rise, indicating that the demand floor for spot Bitcoin is holding, though it has not yet been reflected in price movements.' The analyst explained that this indicator is similar to a long-term moving average of on-chain activity, comparing the cumulative spending and holding behavior across all on-chain cycles. He added: 'When tokens are generally traded more frequently on-chain, this indicator rises; when more tokens are held, it declines, weighted by the time these tokens are held. During bull markets, Liveliness typically rises because supply changes hands at higher price levels, representing new capital continuously entering the market.'