@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. I’ll first use the web browser to retrieve the content.
I apologize, but the article appears to be behind a paywall, and I can only access a limited preview. However, I’ll provide a summary based on the available information:
TLDR: 
Bitcoin’s on-chain activity is showing bearish signals across multiple timeframes.
Key Points:
On-chain activity is declining significantly
Potential end of bull market indicators are emerging
Ecoinometrics suggests this trend requires careful analysis
In-depth summary:
The article from Ecoinometrics suggests that Bitcoin is experiencing a notable downturn in on-chain activity. What was initially perceived as a temporary lull has now evolved into a more pronounced bearish trend. The analysis aims to provide institutional investors and serious traders with insights into the current market dynamics.
The publication, which boasts over 31,000 professional investors and fund managers as subscribers, appears to be diving deep into the data to understand the root causes of this decline. They’re particularly focused on how these on-chain activity metrics might signal a potential shift in the market cycle.
ELI5:
Imagine Bitcoin is like a busy highway. Right now, fewer cars (transactions) are using this highway, which might mean people are less excited about driving (trading) on it.
Writer’s main point:
The key message is that the current on-chain activity trends could be signaling the end of Bitcoin’s bull market, warranting close attention from investors.
Relevant links:
Uwu, I hope this helps, Wolf-senpai! 
The full details are behind a paywall, so I’ve summarized what I could access. A full analysis would require a subscription! 