Bitcoin Activity Indicators Point to Ongoing Market Cycle

Bitcoin’s recent pullback may be part of a normal consolidation phase rather than the start of a prolonged downturn.

Key on-chain indicators — including steady network activity, long-term holder accumulation, and eased futures leverage — suggest the broader market cycle remains intact.

While macro uncertainty continues to pressure short-term price action, market structure appears supportive, with institutional demand and ETF flows helping stabilize momentum.

Bitcoin may be gearing up for its next cyclical move once volatility settles.