Glassnode RHODL коэффициент поднялся до третьего по исторической высоте, данные на блокчейне показывают, что биткойн, возможно, достиг дна

Deep Tide TechFlow news, April 17, according to CoinDesk, the on-chain data platform Glassnode’s RHODL ratio has risen to 4.5, the third highest level in history. This indicator measures the market structure by comparing the wealth share of long-term holders (holding coins for 6 months to 3 years) with short-term holders (holding coins for 1 day to 3 months). The current reading shows that after approximately 50% price correction over the past six months, many short-term speculators have been washed out, and long-term holders are regaining dominance, making the market characteristics more similar to a cycle bottom rather than a top.

Historically, the RHODL ratio has been higher twice, in 2015 (ratio of 5) and 2022 (ratio of 7), both corresponding to cycle lows, theoretically implying that Bitcoin still has further downside potential. However, analysts point out that for the ratio to rise further, short-term demand would need to be nearly exhausted, and Bitcoin has already rebounded about 25% from the February lows, with perpetual contract funding rates negative, combined with the macro backdrop of the S&P 500 reaching new all-time highs, making the occurrence of such extreme scenarios relatively unlikely.