Cryptocurrency

Cycle analysis, has the next leg for the bull run started for Bitcoin

quick take

RHODL ratio

  • Bitcoin’s RHODL ratio highlights a capital turnover turning point in the cycle transition.
  • The methodology behind the ratio is (single-cycle long-term holders) (6m-2y)/(1d-3m) to the youngest short-term holders.realization cap HODL wave
  • Looking at the realized HODL ratio, Realization Cap HODL WavesSpecifically, the RHODL Ratio takes the ratio of the 1-week RCap HODL bands to the 1-2 year RCap HODL bands.
  • Furthermore, we account for the increase in supply by weighting the ratio by the overall market age. A high ratio indicates that the market is overheating and can be used for the apex of the time cycle.

Conclusion

Both of these graphs conclude that the cycle bottom appears to be from November 2022 when FTX collapses. In some cases, the next bull market has started as ratios have left the ‘green zone’, but there is plenty of room to run this cycle.

In our post-cycle analysis, Bitcoin’s next bull market first appeared on CryptoSlate.

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