Bitcoin Selling Pressure Drops to Historic Lows Amid Rebound

Bitcoin sell-side pressure has dropped to historic lows in September, as long-term holders and recent buyers show less enthusiasm to take profits, according to crypto analytics firm Glassnode. The sell-side risk ratio (SSRR) for Bitcoin has fallen to 7 this week from 16 in September, making it one of the lowest readings on record.

The SSRR monitors realized profits and losses on the blockchain relative to Bitcoin's market capitalization. Lower SSRR readings typically indicate reduced selling activity, often seen during accumulation phases or near market bottoms. MEXC has launched Earn Plus with a limited-time event offering up to 800% APR booster, while Kalshi has expanded internationally with an Alpaca brokerage partnership. Bitmine has accelerated Ethereum purchases to close out August.