RHODL ratio — Bitcoin onchain, per block

Compares how much was paid for coins bought in the last week against coins bought one to two years ago. When new money massively outweighs old money, the market has historically been near a top.

Definition(realized cap of coins under 1 week / realized cap of coins 1-2 years) x market age in days.

LimitProvisional. The market-age scalar is Glassnode's stated adjustment for growing supply, but they never published its exact form, so ours is a reconstruction and the level is not comparable to theirs. Unlike every other series here this one is computed daily, not per block, and held flat within the day: the live cost basis by coin age needs a matrix of creation height against observation height, which is 961k x 961k per block and only 6,674 x 6,674 per day. It never looks forward.

Unitratio

Reconstructed or not yet settled. The shape is usable, the exact level is not.

Also filed under

Cycle timing Is this cycle early or late on the clock, rather than on valuation?
111-day mean price the fast half of the Pi Cycle top signal
2 x 350-day mean price the slow half of the Pi Cycle top signal
Price vs all-time high how close the price is to its record
Mayer multiple price against its 200-day average
Pi Cycle ratio distance to the Pi Cycle top signal
Reserve risk price against the conviction of long-term holders
Puell multiple miner income against its own yearly average
Blocks since the halving where we are in the four-year issuance clock

Every metric · Back to the explorer