First time in history we're flashing bear market levels (blue zone) while still in a bull

RHODL tracks market momentum by comparing young vs. old coin activity:

- High = speculation (STHs)

- Low = accumulation (LTHs)

This could mean a few things:

– Low retail/speculative interest

– Institutional-led rally, slower but more sustained

– Cycle still lagging, not near a true top yet

Either way, most indicators seem to be lagging behind, meaning this time actually is different

It remains to be seen whether we ever reach the same overheated levels again, but there's no reason to interpret it bearishly