Tomorrow, we are taking the day off and will not be publishing a Daily Dive. Happy Holidays to all of our subscribers and Merry Christmas to those celebrating! HODL Trends Bitcoin liveliness is defined as the ratio of sum of coin days destroyed and the sum of all coin days ever created. In layman's terms, liveliness increases as holders move/liquidate their positions, and decreases as holders accumulate. As a thought experiment, if every bitcoin was moved in the next block, liveliness would temporarily jump to 1.0. Conversely, if there was a block with zero spending activity outside of miner rewards, liveliness would be 0.0.
so many signals, so much noise. choose wisely what you follow.
... and for those that are just hodling... none of this really matters!