Mareena
06/15 02:03
Long-term holders show no signs of selling Bitcoi
Long-term holders show no signs of selling
Bitcoin’s RHODL ratio—which compares long-term holders (6 months to 2 years) with short-term holders (1 day to 3 months)—showed that the latter were still holding.Notably, the RHODL ratio was now trading below 2, under the 2024 high, indicating that long-term selling pressure remained minimal.
The Puell Multiple, an important market indicator, showed a reading below 1.40 at press time.
This metric is significant because it suggests institutional and spot market investors are taking advantage of the accumulation phase to buy the asset.
Historically, when the Puell Multiple stays below the 1.40 level, it aligns with accumulation periods—signaling more upside potential for Bitcoin.
AMBCrypto further assessed whether market participants are accumulating or distributing the asset.
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