The data in the chain show that the Bitcoin ‘SLRV’ tapes have recently been giving a green signal. This is what this could mean for the asset.
MRV SLRV short -term ma has crossed over the long term
In a new one mail In X, the founder of Capriole Investments, Charles Edwards, has talked about the last trend in the SLRV tapes for Bitcoin. The SLRV tapes are based on an indicator in the chain known as the “long -term value ratio (SLRV)”.
The SLRV relationship measures the relationship between Bitcoin’s supply that moved in the last 24 hours and that latent from at least six and at most twelve months ago.
The offer of less than 24 hours corresponds to the part of the cryptocurrency that is actively involved in trade. That is, the part of the supply that is constantly in motion. Meanwhile, the 6 to 12 months supply represents the coins that have just matured in the domain of the Hodlers.
As such, every time the SLRV relationship has a high value, it means that the short -term commercial interest in the asset is high compared to Hodling appetite. On the other hand, being low may indicate that the long -term holder’s behavior is dominant in the sector.
The SLRV tapes, the actual indicator of the approach here, facilitates the identification of when a change from one behavior is produced. It does so when tracking the mobile averages (plus) of 30 and 150 days of the SLRV ratio.
Now, here is the indicator box shared by Edwards that shows the trend in these more in recent years:
As shown in the previous graph, the 30 -day MA of the Bitcoin SLRV ratio has crossed above the 150 -day MA recently. This type of crossover is generally a sign that the market is moving away from the hoarding of short -term trade and the new adoption.
From the table, it is evident that a crossover (highlighted in green) generally leads to some random action for the price of cryptocurrency. The Toro Meeting of the last months of 2024, for example, followed this signal.
The type of reverse crossover, where the 30 -day MA falls under 150 days, is also a bearish signal. When this cross is carried out, it means that interest in the asset decreases from the new investors, leaving only the most resolved hands to continue accumulating in silence.
With the SLRV tapes once again forming an upward crossover, now it remains to be seen if the pattern would remain for the asset this time too.
BTC price
Bitcoin fell under the $ 107,000 brand over the weekend, but it seems that the currency has started the new week with recovery, since its price has now returned to $ 110,000.
