Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers
Long-term holders are quietly transferring supply to a new generation of buyers, but looming Federal Reserve rate hikes could still trigger the capitulation markets have been waiting for.
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Summary
- The RHODL Ratio compares wealth held by long-term holders with that of newer investors. It recently reached 6.5, its second-highest reading on record.
- Bitcoin has consolidated between $60,000 and $80,000 for five months as the RHODL Ratio compresses without a major sell-off.
