Odaily星球日报讯 Glassnode 在 X 平台发文表示，比特币长期持有者（LTH）与短期持有者（STH）供应比出现大幅下滑，且 30 天百分比变动从“积累”转为“抛售”，已显现获利了结的早期迹象。在经历了数月的长期持有者持续买入以及价格上涨之后，这可能是一个转折点，该指标是观察趋势反转的关键信号之一。

Odaily星球日报讯 Glassnode 在 X 平台发文表示，比特币长期持有者（LTH）与短期持有者（STH）供应比出现大幅下滑，且 30 天百分比变动从“积累”转为“抛售”，已显现获利了结的早期迹象。在经历了数月的长期持有者持续买入以及价格上涨之后，这可能是一个转折点，该指标是观察趋势反转的关键信号之一。

Glassnode：BTC显现获利了结早期迹象，市场或迎转折

<Odaily> reported that glassnode posted on X platform 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", showing early signs of profit-taking. After months of continuous buying by long-term holders and price increases, this could be a turning point, and this indicator is one of the key signals for observing trend reversal.

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

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...