On-chain Metrics 1 min read
RHODL Ratio — Cycle Heat
Also known as: RHODL Ratio, Realized HODL
Compares young vs old coin economic weight — when it runs hot, late-cycle enthusiasm often builds; when cool, the market is calmer.
Plain explanation
RHODL blends how much recent coin value (short holding) vs old coin value (long holding) matters in realized cap terms.
Think of it as cycle heat:
- Rising / high vs history → more economic weight from "young" supply; euphoria phases often show this.
- Lower / cool → old holders still dominate the weight picture; less froth.
On Exum
In Holder Behavior → Cycle heat, you see:
- Latest RHODL (1m smoothed)
- 7d / 30d change
- Where today sits in the last ~365 days (percentile)
- A band label (e.g. hot / neutral / cool)
Use RHODL with VDD (are old coins actually moving?) and MVRV (valuation).
Frequently asked
High RHODL — good or bad?
Neither alone. High often means young coins dominate realized weight (late-cycle feel). Low can mean older, calmer structure. Always read next to price and SOPR.