Analyst: Bitcoin entering accumulation phase that could last until 2027

An analysis of Bitcoin's on-chain indicators suggests the market is transitioning from a selling phase to an accumulation phase. Crypto analyst Axel Adler Jr. noted that Entity Adjusted Liveliness (EAL), a metric representing the cumulative ratio of Coin Days Destroyed (CDD) to Coin Days Created (CDC), peaked at 0.02676 last December and has since fallen to 0.02669. He added that the indicator is currently below its 30-day and 90-day moving averages, which are acting as resistance levels. Adler pointed out that previous accumulation periods in 2020 and from 2022 to 2024 also began after EAL reversed from a peak. If this historical pattern repeats, the current accumulation phase could continue until mid-2027, he concluded.