Bitcoin Market Dynamics Update! According to the latest data from Glassnode, the Long-term vs Short-term Holder Supply Ratio (LTH/STH Supply Ratio) has dropped to 3.78, reaching a new low for this cycle. This indicator shows that the dominance of long-term holders in the market has weakened.

In the past 30 days, the distribution of holdings in the market has accelerated, and HODL (long-term holding) is no longer the mainstream choice for investors. More and more investors are inclined towards short-term trading, which may affect market volatility.

It is worth noting that Glassnode pointed out that this trend is different from historical market peak characteristics; even with a decline in long-term holding, the price of Bitcoin may still continue to rise.📈