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Glassnode: Signs of Profit Taking Emerging, Bitcoin Price May Face Adjustment Pressure
Summary: According to reports, Glassnode stated that the supply ratio between Long-Term Holders (LTH) and Short-Term Holders (STH) of Bitcoin has significantly decreased, with the 30-day percentage change shifting from accumulation to selling, indicating early signs of profit taking. After months of continuous buying by long-term holders and price increases, this could be a turning point. ...
According to reports, Glassnode stated that the supply ratio between Long-Term Holders (LTH) and Short-Term Holders (STH) of Bitcoin has significantly decreased, with the 30-day percentage change shifting from accumulation to selling, indicating early signs of profit taking. After months of continuous buying by long-term holders and price increases, this could be a turning point. This indicator is one of the key signals to observe trend reversals.
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Link: Glassnode: Signs of Profit Taking Emerging, Bitcoin Price May Face Adjustment Pressure [Copy]
