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.
![Trump 'TACO'... FX rate plunges 26.4 won in a single day [Hankyung FX Market Watch]](https://media.bloomingbit.io/PROD/news/c92c153c-739a-47ad-b28c-13570200dad4.webp?w=250)
![[Today's Key Economic & Crypto Calendar] U.S. March S&P Global Manufacturing & Services PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on Trump’s 'TACO'… Tesla jumps 3.5% on 'terafab' expectations](https://media.bloomingbit.io/PROD/news/7507a13b-efb7-4b98-b901-4d99d6c8aec4.webp?w=250)
