Bitcoin's RHODL Ratio shows a 'new bull run forming,' argues PositiveCrypto.
RHODL Ratio is a method of tracking BTC price behavior based on the realized price of the supply — the price at which coins last moved.
Created by Swift in 2020, it compares the relative ages of coins which moved one week ago to those which moved 1-2 years ago. This ratio gives an insight into the relative activity of short-term and long-term holders , and by extension the extent to which speculation is present on the market.At the time, Swift
Cointelegraph that Bitcoin was “at the point of maximum opportunity” — something which has since proven true, with BTC/USD gaining 70% in Q1 2023.Now, with speculative activity seemingly increasing, he believes that a new bull cycle is already underway. “When I created the bitcoin RHODL Ratio indicator in 2020, one thing that struck me was how it showed a new bull run forming...when the ratio value of younger coins began to increase. Which is where we are right now,” he commented.Bitcoin RHODL Ratio annotated chart. Source: Philip Swift/ TwittercalledAn accompanying chart meanwhile added that the 2021 bull market, despite delivering a blow-off top for BTC/USD, did not see a copycat move for RHODL.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin offers 'good signs' as analysts retain $40K BTC price targetNeed some bullish BTC price targets? How about as high as $42,000?
Weiterlesen »
Bitcoin trader eyes CME gap with $24K BTC price dip target in playBitcoin may see a deeper correction while BTC price analysis stays bullish on weekly timeframes.
Weiterlesen »
Watch these BTC price levels as Bitcoin threatens to lose $27K supportBitcoin sees fresh downside targets as BTC price risks losing $27,000.
Weiterlesen »
This Bitcoin options strategy allows early bird traders to prepare for BTC’s next breakoutData suggests traders anticipate a sharp price move in Bitcoin price, noshitcoins explores an options strategy that allows for a risk free BTC position.
Weiterlesen »
Ordinals, BRC-20 Tokens, and Miners Offloading BTC: Why is Bitcoin Down⚠️ Bitcoin is down, but why? We take a look at some of the possible reasons why $BTC has been threading around 27K recently. Read more here -
Weiterlesen »
23,000 BTC Transferred From Coinbase to Cold Wallets as Bitcoin Takes Dip$627.5 million in Bitcoin have been moved from Coinbase to anonymous cold wallets. $BTC whale_alert
Weiterlesen »