Liveliness

Bitcoin

Liveliness is the ratio of cumulative coin-days destroyed to cumulative coin-days created.

Why it matters

It measures the balance between spending old coins and accumulating/holding them.

Cumulative coin days destroyed is divided by cumulative coin days created.

Rising Liveliness signals long-term holders spending (distribution); falling Liveliness signals accumulation.

Liveliness on Bitcoin last read 0.6337 on Sep 24, 2026, a change of -0.11% over 30 days, ranging from 0.6083 (Oct 7, 2024) to 0.641 (Dec 20, 2025).

Read from our own stored series, not quoted from a page.