New analysis from Glassnode indicates that long-term Bitcoin holders may be stepping back from the market, triggering early signs of distribution after months of steady accumulation.
According to the firm, a sharp decline in the long-term to short-term holder supply ratio suggests that seasoned investors are beginning to take profits. Their 30-day trend metric, which had previously reflected accumulation, has now flipped into sell territory—often seen as a potential warning of a market cooldown.
Glassnode emphasized that this behavioral shift could signal the early stages of a broader trend reversal.
Adding to the cautionary tone, LD Capital’s Jack Yi advised market participants to scale back on leverage, especially during periods of heightened excitement. He pointed to the uncertainty surrounding upcoming interest rate decisions and encouraged a more patient, risk-aware approach.
With Bitcoin’s recent rally showing signs of fatigue, both on-chain data and investor sentiment hint at a more defensive stance in the near term.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/bitcoin-investors-begin-to-lock-in-profits-as-long-term-holders-trim-exposure/