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Introducing the HODL FLOW
I created this metric to unite the RHODL Ratio & #Bitcoin Inflow data.
I wanted to see a signal of BTC moving onto exchanges in conjunction with market temperature.
The red zone so far has indicated cycle tops.
#Bitcoin Reserve Risk is used to measure long-term hodler confidence (price/HODL bank)
High LTH Confidence & Low Price = Low RR (Green)
Low LTH Confidence & High Price = High RR (Red)
RR just dropped below the Sept '21 price drop and is slightly above the July '21 capitulation.