[Analyst: Bitcoin seller risk ratio has reached a certain level, the market needs to find a new price range] Golden Finance reported that Checkmatey, an analyst at the on-chain data analysis company Glassnode, said that the Bitcoin seller risk ratio has reached a certain level, indicating that it is time for the market to take action. All those who are going to make a profit have already made a profit. The same is true for losses. The market needs to find a new price range to fan the flames of fear, greed, panic or excitement. In addition, Bitcoin spot arbitrage trading may have reached its limit. A few weeks ago, traders could lock in an almost risk-free 10-year premium by going long on spot and shorting futures. Technically, since both parties need to pay a fee, the annual premium rate is 5%. Now it has dropped to 6% (technically 3%), which is lower than the risk-free rate of cash equivalents.