Glassnode: Significant Decline in Bitcoin Long-Term Holder to Short-Term Holder Supply Ratio Indicates Profit-Taking
Foresight News reports that Glassnode data shows a significant decline in the Bitcoin long-term holder to short-term holder supply ratio, with the 30-day change rate shifting from accumulation to distribution, indicating early signs of profit-taking in the market. After several months of steady inflows from long-term holders and rising prices, this could signal a turning point for the market. This indicator is worth monitoring to determine whether the trend is reversing.
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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