Bitcoin’s (BTC) 50% drawdown may have marked a bottom as on-chain signals turn bullish
The RHODL ratio, by Glassnode, a key on-chain metric tracking the balance between long-term and short-term bitcoin BTC$75,242.41 holders, is flashing signals more consistent with a market bottom than a cycle top, after hitting a ratio of 4.5. Currently sitting at its third highest level on record, the indicator shows that wealth is increasingly concentrated…