Bitcoin sell pressure reaches one-month low as long-term holders slow down profit taking
Bitcoin’s on-chain sell-side threat has fallen to lower than half its August peak, easing one measure of potential promoting pressure even as a big block of older cash stays held at acquisition costs above the market. Analytics agency Glassnode’s Sept. 9 report, utilizing on-chain observations through Sept. 7, places its Sell-Side Risk Ratio at 7…
