The data on the series shows that the Bitcoin ‘SLRV’ strips have recently given a green signal. Here is what this can mean to the original.
Through the short term of Bitcoin Slrv over the long term
In new mail In X, the founder of Capriole Investments Charles Edwards has talked about the latest direction in the SLRV for Bitcoin. SLRV tapes depend on an indicator on the series known as “SLRV).
The SLRV ratio measures the percentage between Bitcoin supplies that were transferred during the past 24 hours, which have been sleeping for at least six months and at least twelve months ago.
The offer, which is more than 24 hours, is compatible with the cryptocurrency portion that has become active in trading. That is, the part of the display that is constantly in the movement. Meanwhile, the width of 6 to 12 months represents the coins that have just matured in the Hodles.
As such, the higher the SLRV ratio of high value, this means that interest in trading in the short term is originally high compared to the appetite of fishing. On the other hand, it can indicate that the behavior of a long -term holder is dominant in this sector.
SLRV strips, the actual indicator of focus here, makes it easy to determine the time of a shift from behavior to the other. It does this by tracking the averages for 30 days and 150 days (MAS) for the SLRV ratio.
Now, here is the indicator graph that Edwards shares, which shows the trend in these diamonds during the past few years:
As shown in the graph above, a Master of Master exceeded 30 days of Bitcoin SLRV above MA 150 days recently. This type of intersection is generally a sign that the market is away from hunting to short -term trading and new adoption.
From the graph, it is clear that such an intersection (which is highlighted in green) usually leads to some degree of bullish work of the encrypted currency price. The bull collects from the last two months of 2024, for example, this sign.
The reverse type of the intersection, where MA is located for 30 days under a period of 150 days, is a landmark. When this cross occurs, this means that caring for assets is diminished by new investors, leaving only the most occurring hands to continue accumulating quietly.
With SLRV ribbons again constitute an upper intersection, it remains now to see whether the style will have this time as well.
BTC price
Bitcoin fell under the 107,000 dollar sign during the weekend, but it seems that the currency has started the new week with the recovery with the return of its price now at $ 110,000.
