So, it seems the Bitcoin ‘SLRV’ Ribbons have decided to don their finest green attire once again. I mean, who doesn’t love a good fashion statement in the world of cryptocurrency? 💚 Here’s what this could mean for our beloved digital asset.
Short-Term MA of Bitcoin SLRV Has Crossed Above the Long-Term
In a recent post on X (formerly known as Twitter, because why not?), Charles Edwards, the founder of Capriole Investments, has shared his thoughts on the latest trend in the SLRV Ribbons. These ribbons are based on an on-chain indicator known as the “Short-Term to Long-Term Realized Value (SLRV) Ratio.” Sounds fancy, right? It’s like the cryptocurrency version of a high-society cocktail party.
The SLRV Ratio measures the ratio between the Bitcoin supply that was moved within the past 24 hours and that which has been gathering dust for at least six to twelve months. Think of it as the difference between the fresh, vibrant party-goers and the wallflowers who’ve been nursing their drinks for far too long.
When the SLRV Ratio is high, it means the short-term trading interest is hotter than a summer day in Phoenix, while a low value indicates that the HODLers are firmly in control, clutching their coins like a toddler with a favorite toy.
The SLRV Ribbons, our star of the show, help us identify when this behavior shifts. They track the 30-day and 150-day moving averages (MAs) of the SLRV Ratio. It’s like watching a soap opera unfold, but with more numbers and fewer dramatic pauses.
Now, here’s the chart shared by Edwards that shows the trend in these MAs over the last few years. Spoiler alert: it’s not a picture of my cat, but it’s still pretty riveting.
As you can see, the 30-day MA of the Bitcoin SLRV Ratio has recently crossed above the 150-day MA. This crossover is generally a sign that the market is shifting from HODLing to short-term trading. It’s like watching a group of introverts suddenly decide to hit the dance floor.
From the chart, it’s clear that such a crossover (highlighted in green, because who doesn’t love a good highlight?) usually leads to some bullish action for the cryptocurrency’s price. Remember the bull rally from late 2024? Yeah, that was a fun ride!
On the flip side, if the 30-day MA falls below the 150-day one, it’s a bearish signal. It’s like the party’s over, and only the most dedicated souls are left, quietly accumulating coins while the rest of us are out enjoying life.
With the SLRV Ribbons forming a bullish crossover once again, we’re left wondering: will this pattern hold, or will we be left with nothing but a sad, empty dance floor?
BTC Price
Bitcoin dipped below the $107,000 mark over the weekend, but it seems the coin has decided to make a comeback, kicking off the new week at a sprightly $110,000. It’s like watching a phoenix rise from the ashes, only with more zeros involved.
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2025-05-27 10:18