Bitcoin sell-side risk returns to rare lows as $80K sellers fade from view
Bitcoin investors showed little sign of panic selling as BTC held most of its August gains and sell-side risk fell to rare lows, data showed.
Bitcoin sell-side risk has hit rare lows, according to data from Glassnode. The crypto analytics platform reports that the sell-side risk ratio (SSRR) has dropped to one of its lowest readings on record, signaling a potential macro market bottom or accumulation phase. As of this week, SSRR has fallen more than half to 7, after reaching 16 when Bitcoin's price surged above $80,000 in late August.
Glassnode notes that the August Bitcoin price rebound saw little onchain supply, with August and October 2025 highs seeing SSRR spike to 35 and 23, respectively. Long-term holders, defined as wallets holding a UTXO for at least six months, have also reduced their realized profits onchain, falling to 47% this month from 88% at the August peak.
The data suggests that recent buyers are the ones selling less, easing concerns of panic selling even with a modest Bitcoin price correction. Glassnode further highlights that US spot Bitcoin ETF investors are expected to return to aggregate profit at $86,000, as sustained SOPR readings above 1 support a bullish long-term trend change.
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