Bitcoin On-Chain Activity Report, February 2025

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	Forwarded this email? Subscribe here for more Bitcoin On-Chain: A Mid-Cycle Pause, Not A Top Bitcoin On-Chain Activity Report, February 2025 Ecoinometrics Feb 19 ∙ Preview   READ IN APP   Bitcoin's price action has been quiet since the end of January. We often talk about the calm before the storm, a period of consolidation before the next move. But right now, the direction of the next big move isn't clear. For on-chain activity specifically, the situation mirrors this: uncertain but with a bullish bias. Let's examine the data. The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 29,000 investors here: Upgrade to paid Done? Thanks! That’s great! Now let’s dive in. Bitcoin On-Chain: A Mid-Cycle Pause, Not A Top The Takeaway Bitcoin's on-chain activity has fallen sharply in the short time frames while maintaining bullish structure over longer time frames. ETF flows now dominate market dynamics, replacing traditional whale behavior when it comes to moving coins around. Current patterns suggest a mid-cycle pause rather than a top, with activity levels below historical peaks indicating room for growth. The market holds just below $100,000, awaiting either renewed ETF buying to drive the next leg up or sustained weakness to challenge the bull trend. Short Term Weakness, Long Term Strength... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe