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Bitcoin (CRYPTO: $BTC)'s sell-side pressure has fallen sharply in September, with long-term holders and recent buyers showing less appetite to take profits even as the cryptocurrency remains below its recent highs.
In a recent report, crypto analytics firm Glassnode said Bitcoin's sell-side risk ratio (SSRR) fell to 7 this week from 16 in September, putting the measure among its lowest readings on record.
The SSRR tracks realized profits and losses onchain relative to Bitcoin's realized market capitalization. Lower readings typically point to periods of reduced selling activity and can appear during accumulation phases or near broader market bottoms.
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