ChainCatcher news, according to Glassnode data, the Bitcoin Long-Term to Short-Term Holder Supply Ratio (LTH/STH Supply Ratio) has dropped to 3.78, setting a new low for this cycle. This metric reflects the dominance of long-term holders in Bitcoin supply relative to short-term holders. Over the past 30 days, the distribution of holdings has accelerated, and HODLing is no longer the mainstream behavior in the market. The decline in the LTH/STH Supply Ratio indicates that more investors are inclined towards short-term trading rather than long-term holding.Glassnode analysis suggests that this trend is different from historical market top characteristics; in past analyses, even during periods of declining long-term holding, Bitcoin prices could still continue to rise.