Bitcoin ($BTC) is reportedly witnessing a crucial turning point in the case of the supply ratio from long-term holders to short-term holders. As per the data from Glassnode, Bitcoin has recorded a sheer dip in Long-Term Holder to Short-Term Holder Supply Ratio following reaching cycle highs amid the wider consolidation and profit-taking. The blockchain analytics platform took to social media to share insights into Bitcoin’s present decline in supply. {chart} As per the on-chain statistics, long-term holders (LTHs) have recently been steadily accumulating Bitcoin ($BTC), boosting the price to the $120K-$123K range. ... (full story)