CoinVoice has recently learned that, according to Glassnode data, the long-term to short-term holder supply ratio (LTH/STH Supply Ratio) has dropped to 3.78, setting a new low for this cycle. This indicator reflects the dominance of Bitcoin supply held by long-term holders relative to short-term holders. Over the past 30 days, the distribution of holdings has accelerated, and HODL is no longer the mainstream behavior in the market. The decline in the long to short-term holder supply ratio indicates that more investors prefer short-term trading rather than long-term holding.
Glassnode analysis believes that this trend differs from the characteristics of historical market tops. In past analyses, even during prolonged holding declines, the price of Bitcoin could still continue to rise. [Original link]
