Bitcoin Sell-Side Risk Ratio Falls to 7 Basis Points Per Day, Glassnode Says

Glassnode said Bitcoin's Sell-Side Risk Ratio has fallen to 7 basis points per day on a seven-day basis, down from 16 basis points at August's peak. According to NS3.AI, long-term holders accounted for 47% of realized profit, compared with 88% at the August peak. Glassnode also identified roughly 1.07 million BTC acquired between $83,000 and $86,000, with nearly all of it held by long-term holders. That position changed little over the past 30 days.