Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Bitcoin selling pressure risk is at a historically low level, profit-taking sentiment cools down in August
The latest data shows that as profit-taking behavior cools down in August, the sell-side risk of Bitcoin (BTC) remains around historical lows.
Highlights:
- Bitcoin's sell-side risk ratio dropped from 16 to 7 in September, setting one of the lowest readings in history.
- Selling pressure eased as Bitcoin retained its August 25% gain.
- Bitcoin ETF investors have been below the combined break-even point level of approximately US$86,000 for 229 consecutive trading days.
Glassnode pointed out that Bitcoin holders "were less willing to reduce their holdings" in September
In Glassnode's latest issue of Chain Weekly newsletter, the cryptocurrency data analysis platform stated that Bitcoin's sell-side risk ratio (SSRR) has fallen back to a lower level.
Sell side risk is calculated by dividing the sum of total profits and losses realized on the chain by the realized market value of Bitcoin. This indicator reflects a snapshot of the dollar value realized relative to the realized market value over a given period of time.
Glassnode describes the low number as a signal of "macro market bottoms, accumulation stages, and a relatively low sell-side risk environment."
In late August, when Bitcoin prices hit a multi-month high of more than $80,000, the SSRR hit 16. However, as of this week, the indicator had more than halved to 7, making it one of the lowest readings on record.
Glassnode said the rebound in Bitcoin prices in August "caused little supply," as measured by on-chain activity. "At July 2025 and October 2025 highs, the same indicator surged to 35 and 23 basis points. In the past year, only a very few days were below today's levels." It pointed out. [TAG
The data also shows that long-term holders-defined as wallet entities that have not spent UTXO for at least six months-are slower to realize on-chain profits this month. [TAG
"The realized profit share of long-term holders has fallen from 88% at its peak in August to 47%, and realized profit spikes on September 3, 2026 are only half the size of August," Glassnode continued. "This month's sellers are recent buyers, even if they are also selling less." [TAG
Bitcoin ETF buyers focus on break-even point
The drop in SSRR readings may allay concerns that even modest bitcoin price corrections could trigger panic selling.
Related report: The new Bitcoin giant whale has triggered sell-side risk, with unrealized gains reaching US$9 billion
After Bitcoin regained its footing at US$80,000, the Bitcoin investor community has returned to overall profitability, and further price retractions may increase the temptation to sell. As Cointelegraph previously reported, the Export Profit Ratio (SOPR) maintained its longest net profit cycle in 2026.
SOPR reflects the net profitability of the coins spent, where 1 represents breakeven. Continued readings above 1 can support a long-term bullish trend shift.
Glassnode added that investors in U.S. spot bitcoin exchange-traded funds (ETFs) will return to overall profit when the price reaches $86,000. Bitcoin has closed below that level in the past 229 trading days, and ETF investors 'book losses are currently approximately US$3.9 billion.
