Glassnode: Bitcoin RHODL Ratio Reaches New High for This Cycle, Market May Cool Down

On July 9th, according to the latest report from on-chain data analysis platform Glassnode, the Bitcoin RHODL Ratio has risen to its highest level in this market cycle. This indicator shows that more Bitcoin wealth is concentrated in the hands of long-term holders, while the activity of short-term (1 day to 3 months) holders remains low. Historical data indicates that this shift in the RHODL Ratio typically marks a transition phase in the market cycle and a cooling of speculative enthusiasm. [Deep Tide TechFlow]