Glassnode: Early Signs of Profit-Taking Emerge, Bitcoin Price May Face Correction Pressure
BlockBeats News, July 15 — Glassnode stated in a post that the supply ratio of Bitcoin long-term holders (LTH) to short-term holders (STH) has seen a significant decline, and the 30-day percentage change has shifted from "accumulation" to "selling," indicating early signs of profit-taking. After several months of continuous buying by long-term holders and rising prices, this could mark a turning point. This indicator is one of the key signals for observing trend reversals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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