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Bitcoin Seller Pressure Plunges to Record Lows as Spot Accumulation Emerges

CryptoProwl Read original source (opens in a new tab)
The Story

News Summary

  • Glassnode reports Bitcoin's sell-side risk ratio plunged to near record lows, signaling seller exhaustion and potential accumulation.
  • While long-term holders are withholding supply, spot ETF investors remain underwater, and broader market upside faces macroeconomic headwinds from rising oil prices and Federal Reserve interest rate concerns.
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BTCUSD price history

77238.69 +14.51% over the displayed period

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