Glassnode: BTC Shows Early Signs of Profit-Taking, Market May Be Approaching a Turning Point

Glassnode posted on the X platform that the supply ratio of long-term holders (LTH) to short-term holders (STH) has declined significantly, and the 30-day percentage change has shifted from "accumulation" to "selling," showing early signs of profit-taking. After months of continuous buying by long-term holders and rising prices, this may be a turning point, and the indicator is one of the key signals to watch for trend reversals. [Odaily Planet Daily]