On-chain data shows Bitcoin is slowly moving from the old holders to new investors, a sign that could be positive for the market.
Bitcoin RHODL Ratio Has Been Climbing Up In Recent Days
According to data from the on-chain analytics firm Glassnode, this kind of trend is usually seen in the middle of cycle transitions. The “Realized HODL (RHODL) ratio” is an indicator that tells us the ratio between the supplies held by the 1-week-old holders and the 1 to 2 years old investors.
To be more specific, this indicator doesn’t simply measure the amount of market cap held by these groups, but rather the “realized cap.” This capitalization method calculates the value of the supply by assuming that each coin is worth not the current spot price, but the price at which it was last moved on the blockchain.
Here, the 1-week old investors represent the youngest of the BTC participants, who have just bought their coins. Thus, the realized cap held by them provides hints about the wealth owned
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-wealth-transferring-old-new-why-positive/
