Summary
- Glassnode reported that Bitcoin long-term holders are still maintaining their holding positions.
- It was stated that the "RHODL ratio" has not been able to surpass 2 recently and has started declining after forming a peak.
- It was analyzed that there are still no signs of large-scale sell-offs among long-term holders.
An on-chain analysis has revealed that long-term holders of Bitcoin (BTC) are still maintaining their positions.
On the 13th (local time), on-chain data platform Glassnode stated via X (formerly Twitter), "The RHODL (Risk-Adjusted HODL) ratio for Bitcoin recently failed to surpass 2, formed a peak, and has now turned downward," and "While the activity of short-term holders is currently increasing, there are still no signs of large-scale outflows among long-term holders."
Meanwhile, the RHODL ratio is an indicator that determines potential market overheating by considering the realized value between short-term and medium-term holders.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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