Bitcoin's onchain 'liveliness' metric is on the rise, indicating sustained demand and activity among larger players, despite a stalled price. Analyst TXMC highlights data from Glassnode showing increased spending and transacting, particularly from older holdings. Simultaneously, the Russell 2000 index has broken through long-standing resistance, a move historically associated with Bitcoin bull runs. Analyst AO notes that similar breakouts in 2011, 2013, 2017, and 2021 preceded significant Bitcoin surges, suggesting a potential acceleration phase for Bitcoin into 2026.