'En af de største' Bitcoin-målinger siger, at BTC-pris-tyreløbet er her

'En af de største' Bitcoin-målinger siger, at BTC-pris-tyreløbet er her

Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says.

I en 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-forhold metrisk.

RHODL Ratiocreator på BTC-pris: "Zoom ud"

RHODL Ratio er en metode til at spore BTC-prisadfærd baseret på den realiserede pris på forsyningen - den pris, som mønter sidst flyttede til.

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.

This ratio gives an insight into the relative activity of short-term (STHs) and long-term holders (LTHs), and by extension the extent to which speculation is present on the market.

I øjeblikket hopper RHODL højere, efter at have ramt sin grønne akkumuleringszone i slutningen af ​​2022.

At the time, Swift fortalt Cointelegraph that Bitcoin was “at the point of maximum opportunity” — something which has since proven true, with BTC/USD gaining 70% in Q1 2023.

Prior to that, its descent toward that point had faldt sammen with Bitcoin’s own retreat to macro lows.

Nu, hvor den spekulative aktivitet tilsyneladende er stigende, mener han, at en ny tyrecyklus allerede er i gang.

"Da jeg oprettede bitcoin RHODL Ratio-indikatoren i 2020, var en ting, der slog mig, hvordan den viste, at et nyt tyreløb dannedes ... da forholdsværdien af ​​yngre mønter begyndte at stige. Det er der, vi er lige nu,” kommenterede han.

"Gå ikke i panik over små pristilbagetrækninger. Zoome ud."

'One of the greatest' Bitcoin metrics says BTC price bull run is here PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Bitcoin RHODL Ratio annotated chart. Source: Philip Swift/ Twitter

Swift er ikke alene i sin overbevisning. Reagerende, Checkmate, ledende on-chain analytiker hos Glassnode, kaldet RHODL Ratio "et af de største onchain-fund."

An accompanying chart meanwhile added that the 2021 bull market, despite delivering a blow-off top for BTC/USD, did not see a copycat move for RHODL. The last time the metric hit its red “high speculation” zone was at Bitcoin’s prior all-time high in late 2017.

'One of the greatest' Bitcoin metrics says BTC price bull run is here PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Bitcoin RHODL Ratio diagram (skærmbillede). Kilde: LookIntoBitcoin

Frygt, depression og manglende interesse

Swift hævdede fortsat, at markedsdeltagere på korte tidsrammer forbliver risikable på kryptomarkeder.

Relateret: Se disse BTC-prisniveauer, da Bitcoin truer med at miste $27K support

The conclusion followed a scan of funding rates on exchanges, with a slew of “bearish” ratings for Bitcoin generated by Decentrer. These concerned open interest and long/short ratio in addition to funding rates themselves.

'One of the greatest' Bitcoin metrics says BTC price bull run is here PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Market data for various major cryptocurrencies (screenshot). Source: Decentrader

"Markedet er stadig bange/deprimeret/uinteresseret..." han opsummeret på dagen.

Earlier this month, Swift gave Cointelegraph an opdateret prognose on what might happen to Bitcoin in the final year before its next block subsidy halving. Among other eventualities, a return to $20,000 is not out of the question.

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