Cast aside short-term BTC price weakness to focus on the bigger investment trend, says on-chain analyst Philip Swift.
Markets News Join us on social networks
Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says.
In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite Decentrader, revealed history repeating itself according to the RHODL Ratio metric.
Trending: Dozens Of Children Go Missing In Cleveland In Just Two Weeks In Disturbing Trend
RHODL Ratiocreator on BTC price: “Zoom out”
RHODL Ratio is a method of tracking BTC price behavior based on the realized price of the supply — the price at which coins last moved.
Created by Swift in 2020, it compares the relative ages of coins which moved one week ago to those which moved 1-2 years ago.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!