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Glassnode: Profit Taking Signals Emerging, Bitcoin Price May Face Downside Pressure
BlockBeats News, July 15th, Glassnode posted that the Bitcoin Long-Term Holder (LTH) vs. Short-Term Holder (STH) Supply Ratio has seen a significant decline, and the 30-day percentage change has shifted from "Accumulation" to "Distribution," indicating early signs of profit-taking. After months of continued buying by long-term holders and price increase, this could be a turning point. This indicator is a key signal to watch for trend reversals.
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