Bitcoin RHODL Ratio Has Been Declining In Recent Days
As pointed out by an analyst on , the leg for the next bull run could be here according to the RHODL ratio. The “Realized HODL” (RHODL) ratio is an indicator that measures the ratio between two RHODL waves. The RHODL wave bands are groups of the Bitcoin supply divided based on the age of the coins. For example, the 1-2 years wave band includes all coins that are between one and two years old.
Usually, the RHODL ratio is taken between segments of the “long-term holder” (LTH) and “short-term holder” (STH) groups. The LTHs include all investors that have been holding their coins since at least six months ago, while the STHs have been holding them since less than this threshold amount.The value of the metric seems to have sharply declined in the last few months | Source:
As shown in the above graph, the Bitcoin RHODL ratio for the 6 months to 2 years and 1 day to 3 months wave bands had hit some pretty high values back when the crash due to the collapse of the cryptocurrency exchange FTX took place.
So far, the lows that were observed after this crash have been the lowest the cryptocurrency has gone during the current cycle. In the chart, the analyst has also highlighted the trend that the indicator showed during the bear market bottoms of the past cycles.
BTC Price
At the time of writing, Bitcoin is trading around $29,500, up 4% in the last week.Looks like the value of the asset has plunged over the last 24 hours | Source: