RHODL Ratio compares the realized value of coins moved within the last week with the realized value of coins held for one to two years, then scales that relationship by Bitcoin’s age as a market. It is a cycle-oriented ratio built to judge whether fresh activity is becoming unusually large relative to a mature holder cohort.
A high reading means recently moved realized value has become large relative to the 1y–2y cohort. A low reading means mature held value still dominates. It is most useful for macro cycle reading, especially when the question is market heat rather than general activity.
The key caveat is denominator choice. RHODL does not compare recent coins with all older supply, but with the specific 1y–2y cohort, and then applies time scaling. That makes it a specialized cycle metric, not a general turnover ratio.
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