Glassnode’s RHODL Ratio May Suggest Bitcoin Market Is Near Capitulation

Glassnode data shows the RHODL Ratio’s current trend suggests that the Bitcoin market could be near capitulation. Data Shows Bitcoin RHODL Ratio Has Observed Decline Recently As per the latest weekly report from Glassnode, the supply of coins older than one year has significantly risen recently. To understand the RHODL ratio, you first need to have a look at the “realized cap HODL waves.” This indicator measures the USD-dominated amount of Bitcoin held by investors hodling since different periods of time. For example, the wave band for coin age more than 1+ year shows the total amount of coins all investors hodling since at least a year currently own. The “realized HODL” (or RHODL in short) ratio is a metric that tells us the ratio between the wave bands of 1-week old and 1-year old Bitcoin supplies. When the value of this indicator reaches a high, it means new holders hold a majority of the supply at the moment. Such values usually occur during price tops. Related Reading | Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence On the other hand, low values of the metric suggest 1+ year old age bands currently own a larger part of the total Bitcoin supply. These values of the indicator have historically been observed near market bottoms. Now, here is a chart that shows the trend in the BTC RHODL Ratio over the history of the crypto: Looks like the value of the indicator...