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The HODL Era is Ending in Bitcoin: It Has Never Been This Low in This Cycle - Coin Bulletin
According to the latest data from Glassnode, there is a significant shift in conservative behavior in the Bitcoin (BTC) market.
With the increasing distribution movements in the last 30 days, it seems that the majority of market participants are starting to abandon the HODL strategy. Bitcoin's long/short-term holder supply ratio has dropped to 3.78, the lowest level of the current cycle.
Has the peak been reached in Bitcoin? ###
This decline indicates increased short-term sales among investors and more BTC entering circulation. However, it is not yet clear whether this situation indicates a peak. Historically, Bitcoin prices have continued to rise despite deepening distribution movements, and have even seen some bottom levels in some cases.
Bitcoin price movements continue to be affected by this dynamic change between long-term investors and short-term speculators. These data show that market volatility may increase and investors need to carefully evaluate their risk management strategies.