Bitcoin Sell-Side Risk Hits Record Lows — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin held most of its 25% August gain as sell-side risk fell to a reading of 7 from 16 in September, one of the lowest levels on record according to Glassnode.
- Glassnode reported that Bitcoin’s sell-side risk ratio (SSRR) — realized profit and loss relative to realized market cap — indicates a low-risk environment often seen at macro bottoms or during accumulation phases.
- Long-term holders have reduced their share of realized profit to 47% in September from 88% at August’s peak, with recent profit-taking less than half the size of prior months’ spikes.
- Recent buyers are also selling less, per Glassnode, indicating that even short-term investors are holding through price volatility rather than triggering panic selling.
- US spot Bitcoin ETF investors remain below breakeven at $86,000, having closed under that level for 229 consecutive sessions with approximately $3.9 billion in paper losses.
Why it matters: With Bitcoin ETF investors still $6,000 below breakeven and long-term holders resisting sell-offs, the market faces less downside pressure — meaning a correction is less likely to cascade into broad liquidations, altering near-term risk dynamics for traders and funds exposed to BTC volatility.
Ask SkimNews
