On-chain data shows the Bitcoin ‘SLRV’ Ribbons have recently once again been giving a green signal. Here’s what this could mean for the asset.
Short-Term MA Of Bitcoin SLRV Has Crossed Above The Long-Term
In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the SLRV Ribbons for Bitcoin. The SLRV Ribbons are based on an on-chain indicator known as the “Short-Term to Long-Term Realized Value (SLRV) Ratio.”
The SLRV Ratio measures the ratio between the Bitcoin supply that was moved within the past 24 hours and that dormant since at least six and at most twelve months ago.
The supply younger than 24 hours corresponds to the part of the cryptocurrency that’s becoming actively involved in trading. That is, the part of the supply that’s constantly in motion. Meanwhile, the 6 to 12 months old supply represents the coins that have just matured into the domain of the HODLers.
As such,…
