Bitcoin sell-side risk returns to rare lows as $80K sellers fade from view

Bitcoin (BTC) sell-side risk remains near historic lows as August profit-taking cools, new data shows.

Key points:

• Bitcoin’s sell-side risk ratio fell to seven from 16 in September, placing it among its lowest-ever readings.
• Selling pressure eased while Bitcoin held most of its 25% August gains.
• Bitcoin ETF investors have spent 229 sessions below their aggregate breakeven level near $86,000.

Bitcoin hodlers are “selling less” in September, Glassnode says

Sell-side risk sums total onchain realized profits and losses and divides that figure by Bitcoin’s realized market cap. The result is a snapshot of the US dollar value realized over a given period relative to realized cap.

Glassnode describes lower values as signals of “macro market bottoms, accumulation phases and relatively low sell-side risk environments.”

SSRR reached 16 as Bitcoin’s price hit multimonth highs above $80,000 in late August. As of this week, however, the metric has more than halved to 7, one of the lowest readings on record.

Glassnode said the August Bitcoin price rebound had “drawn little supply,” as measured by onchain activity.

“At the July 2025 and October 2025 highs the same measure spiked to 35 and 23 basis points. Only a small share of days in the past year have run lower than today,” it noted.