Glassnode Chief Analyst: Bitcoin Seller Risk Ratio Approaches Historic Low, Major Move May Be Imminent
May 24 TuoniaoX.com report: According to Glassnode data, Bitcoin's current seller risk ratio is approaching historic lows. Glassnode's chief on-chain analyst _Checkmatey_ explains that this data indicates investors are unwilling to realize profits or losses at current price levels, which typically occurs when both buyers and sellers are exhausted, suggesting a major move is imminent.
May 24 TuoniaoX.com report: According to Glassnode data, Bitcoin's current seller risk ratio is approaching historic lows. Glassnode's chief on-chain analyst _Checkmatey_ explains that this data indicates investors are unwilling to realize profits or losses at current price levels, which typically occurs when both buyers and sellers are exhausted, suggesting a major move is imminent. It's worth noting that in November 2018, this metric also reached very low levels, merely indicating that traders were exhausted at that price range, but it didn't tell us which direction they expected prices to move.