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On-Chain Cycle Shift

Definition

An On-Chain Cycle Shift refers to a discernible transition in the dominant behavior patterns of participants within a blockchain network, as evidenced by publicly verifiable transaction data. These shifts can indicate changes in accumulation or distribution trends, investor sentiment, or the movement of capital between different asset classes. Analyzing on-chain metrics helps identify these cyclical changes, offering insights into market phases such as bull or bear trends. It provides a data-driven perspective on the underlying health and direction of a digital asset market.