Glassnode: BTC shows early signs of profit taking, the market may be turning

Odaily News Glassnode posted on the X platform that the supply ratio of Bitcoin long-term holders (LTH) to short-term holders (STH) has dropped significantly, and the 30-day percentage change has turned 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. This indicator is one of the key signals for observing trend reversals.