Discover and read the best of Twitter Threads about #RHODL
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#MVRV Z-Score is a standard deviation that pulls the extremes of #Bitcoin price and #BTC realized value. The higher Z-score = more overvaluation, vice versa. A key on-chain indicator
The Z-score had just moved into "undervalued" zone this week, last seen in Dec 2018 & March 2020
The Z-score had just moved into "undervalued" zone this week, last seen in Dec 2018 & March 2020
@glassnode #Bitcoin % Supply in Profit hit a new cycle low.
Currently BTC supply % in profits rebounded from 50% during the $20k crash, macro bottoms for BTC happened in the past when BTC supply in profits reached 40-50% level.
Getting closer. One more capitulation could do the job.
Currently BTC supply % in profits rebounded from 50% during the $20k crash, macro bottoms for BTC happened in the past when BTC supply in profits reached 40-50% level.
Getting closer. One more capitulation could do the job.
@glassnode #RHODL ratio identifies #Bitcoin macro tops and bottoms. Currently, RHODL ratio is lower than its March 2020 levels, and also very close to the "undervalued" bottom zone last saw in macro bottom in 2018, but not yet.
