Glassnode: Some short-term Bitcoin holders have taken profits, but it has not yet been confirmed that the market has completely turned bullish.

On April 24, Glassnode published that ETF inflows surged to $1.54 billion, with Bitcoin briefly rising above the short-term holder (STH) cost price. Nearly 5% of the supply changed hands, short positions increased, and some short-term holders took profits. This is a critical retest, but the strong support above $92,900 has not yet been confirmed, and it is still unverified that the market has fully shifted to the bullish zone.