Analysis “No signs of BTC long-term holders selling…only short-term trading is active”

An analysis emerged that a large sell signal from long-term holders (LTH) in the Bitcoin market has not yet appeared. On-chain data analysis company Glassnode recently stated in a report, “The RHODL ratio for Bitcoin has turned to a downward trend, indicating that the trading activity of short-term holders (STH) is relatively increasing.”

The RHODL ratio is an indicator that compares the on-chain movement volume of short-term and long-term holders to gauge the market sentiment and value. A downward trend in this indicator means that short-term holders are actively participating in the market, but it also suggests that long-term holders are still not moving.

Glassnode added, “There is no observed selling pressure or large-scale exit movements from long-term holders so far,” and interpreted that long-term investors are still maintaining an optimistic position despite the market being in a correction phase.

This analysis suggests that even though Bitcoin is exposed to short-term volatility, the trust of the underlying investor base remains strong.