Glassnode: Profit-taking signs are emerging, Bitcoin prices may face adjustment pressure

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On July 15, glassnode published an article stating that the supply ratio between long-term holders (LTH) and short-term holders (STH) has significantly declined, and the 30-day percentage change has shifted 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 for observing trend reversals.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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