Bitcoin’s on-chain sell-side risk fell to 7 basis points daily, less than half of August’s peak of 16 basis points, according to analytics firm Glassnode. Long-term holders accounted for 47% of realized profit, down from 88% at August’s peak, indicating reduced profit-taking activity. Approximately 1.07 million BTC acquired between $83,000 and $86,000 have remained largely unchanged over 30 days, representing potential supply still held. Despite this easing, exchange spot cumulative volume delta remains negative, with aggressive selling still outweighing buying. Bitcoin dropped 0.38% over the past 24 hours.
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