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cryptonews
2023-01-23 16:42:00

This Indicator Suggests Bitcoin Holders Are Selling Coins to Newbies – What Does This Mean for BTC Price?

This Indicator Suggests Bitcoin Holders Are Selling Coins to Newbies – What Does This Mean for BTC Price?

According to data from crypto analytics firm Glassnode, the 90-Day Bitcoin’s Realized HODL Multiple has risen to its highest level since May 2022, when Bitcoin’s price was around $30,000, as opposed to current levels in the upper $22,000s. The Realize HODL Ratio (RHODL) is a ratio of the number of Bitcoins that moved less than one week ago versus the number of coins that moved one to two years ago.... Read More: This Indicator Suggests Bitcoin Holders Are Selling Coins to Newbies – What Does This Mean for BTC Price?

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