The 4.5 signal: Why Glassnode’s RHODL ratio says the bitcoin bottom may be in

RHODL ratio suggests market conditions resemble cycle corrections rather than late-stage tops, as long-term holders regain dominance. What to know : The RHODL ratio has climbed to its third highest level on record, reflecting a market where long-term holders dominate following a 50% correction that flushed out short-term speculation. While higher readings were seen in 2015 and 2022, further upside in the ratio would likely require a deeper collapse in demand, a scenario that appears less likely given bitcoin’s recovery and strong macro backdrop.