Bitcoin's on-chain Entity Adjusted Liveliness (EAL) indicator is showing signs of a shift from selling to accumulation. According to NS3.AI, analyst Axel Adler Jr. notes that the EAL has dropped below significant moving averages, indicating a resistance level and reflecting previous accumulation patterns observed in 2020 and 2022-2024. If this trend continues, Bitcoin's current accumulation phase could persist until mid-2027.
