Glassnode: The supply ratio of long-term Bitcoin holders is declining, with funds continuously shifting to the circulating market

ChainCatcher news, Glassnode data shows that the supply ratio of Bitcoin long-term holders to short-term holders (LTH/STH) has decreased by 11% in the last 30 days, indicating a continued shift of funds into the circulating market.

At the same time, the market share of Ethereum futures open interest has risen to nearly 40%, reaching its highest level since April 2023, showing that investor attention is shifting from Bitcoin to Ethereum. This data is at a high level within the top 5% historically.