BlockBeats News, July 9 — Glassnode posted on social media that the Bitcoin RHODL ratio has started to rise, reaching its highest level in the current cycle. This signal indicates a shift in market structure, with more wealth now controlled by single-cycle holders, while short-term activity ranging from 1 day to 3 months remains subdued. Historically, such turning points often signal a change in the market cycle and a cooling of speculative momentum.
The RHODL ratio is an on-chain Bitcoin metric used to measure the difference in the proportion of Bitcoin held by short-term and long-term holders, thereby analyzing market cycles and investor behavior.