<ul data-eligibleForWebStory="false"><li>The Bitcoin RHODL Ratio, which measures the ratio between the Realized Cap of two HODL wave bands, has been showing an upward trend recently, suggesting a potential cycle transition.</li><li>This metric tracks the capital invested in Bitcoin, focusing on two specific market segments: coins held for 1 day to 3 months and coins held for 6 months to 2 years.</li><li>The recent increase in the Bitcoin RHODL Ratio indicates a shift towards more wealth held by long-term holders, marking a potential transition away from bull markets.</li><li>The RHODL Ratio is currently below peak levels from previous Bitcoin cycles, raising questions about whether this trend signifies a long-term shift or a temporary deviation.</li></ul>

Is Bitcoin Entering A Bear Market? This Metric Has Quietly Flipped

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