RHODL Ratio
BTCA realized-cap HODL-wave ratio (Philip Swift) that weighs the value of very young coins against coins held one to two years, adjusted for the age of the market.
What it is
The RHODL Ratio compares the realized value of coins that moved in the last week against those held for one to two years, then adjusts for the age of the market. It captures the handoff from long-term holders to new buyers that tends to mark tops.
How it's computed
Take the ratio of the realized cap of one-week-old coins to that of one-to-two-year-old coins, and multiply by the number of days since mid-2010 to account for the maturing market.
How to read it
High readings mark tops, with each cycle's peak coming in lower than the last, a well-documented property. Low readings mark bottoms. The value is log-normalized.
At prior cycle extremes
RHODL has peaked near cycle tops, with each cycle's high lower than the last, and bottomed in accumulation phases.
Related
Analytics, not advice. These metrics describe where market data sits in the cycle; they are not trading signals, price targets, or financial advice.