Glassnode Highlights Key Bitcoin Market Shifts with RHODL Ratio Insights

Coin-Turk 9 months ago 221

Prominent crypto firm Glassnode has shared data indicating that Bitcoin $96,106 is approaching a pivotal moment in its market cycle. In an analysis published on social media, the relationship between mid-term investors and short-term traders is examined using the RHODL Ratio. This metric is said to signal the market’s peaks and troughs.

Understanding the RHODL Ratio and Market Turning Points

The RHODL Ratio is utilized to seek signals of market reversals based on the holding durations of Bitcoin investors’ assets. A high ratio often signifies market bottoms, while low ratios or significant inflows of new participants are viewed as indicators of market peaks.

According to Glassnode data, the current downward trend of the ratio suggests an increase in short-term participation. This signal parallels dynamics observed during the later stages of previous bull runs.

Glassnode representative stated: “The ratio is now trending towards levels characteristic of late...

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