Bitcoin’s RHODL Ratio Suggests End of Bull Market
- Glassnode’s RHODL Ratio indicates Bitcoin may be nearing the end of its bull market.
- The ratio compares mid-cycle holders (6 months to 2 years) with new entrants (1 day to 3 months).
- A declining ratio is observed, similar to levels seen in late-stage bull runs.
- Analyst DonAlt notes Bitcoin remains above $90,000 despite bearish news.
- Technical analysis shows a slight bearish trend below $101,000 and the weekly mid-range of $98,000.
Current metrics from Glassnode suggest Bitcoin’s bull market may be ending as the RHODL Ratio declines towards late-stage levels. Despite bearish news, Bitcoin trades above $90,000, indicating potential for higher prices according to analyst DonAlt.
Source (2.6)https://dailyhodl.com/2025/02/17/bitcoin-signal-typically-seen-before-market-cycle-tops-flashing-on-chain-glassnode/?rand=59076
