#Bitcoin Holders Show Early Signs of Profit-Taking Amid Supply Shift
According to BlockBeats, Glassnode has reported a significant decline in the supply ratio between Bitcoin long-term holders (#LTH ) and short-term holders (#STH ).
The 30-day percentage change has shifted from 'accumulation' to 'selling,' indicating early signs of profit-taking.
This development follows several months of continuous buying by long-term holders and rising prices, suggesting a potential turning point.
The supply ratio is considered a key indicator for observing trend reversals.
