🔥 Bitcoin RHODL Ratio Rises to Third Highest in History, Possibly Indicating Market Bottom Formation


According to CoinDesk, data from Glassnode shows that the on-chain Bitcoin indicator RHODL ratio is currently at 4.5, the third-highest level on record, signaling more in line with a market bottom rather than a cycle top. The RHODL ratio compares the value of Bitcoin held by long-term holders (6 months to 3 years) versus short-term holders (1 day to 3 months). An increase in the ratio typically reflects longer holding periods and reduced speculative activity, rather than an influx of new buyers. This dynamic has appeared after significant pullbacks in 2015, 2019, and 2022. Over the past six months, Bitcoin has fallen 50%, with a large amount of speculative chips wiped out, and wealth concentrated among long-term holders. Historically, high RHODL ratios…
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BTC3.91%
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