Odaily Planet Daily News Glassnode chief analyst James Check said that holders are in a slump and traders need to break through the low $60,000 range to reignite activity, noting that Bitcoin's seller risk ratio "has entered the low liquidity area far away." Check explained that "the vast majority of currencies circulating on the chain will not bring huge profits or huge losses." During the consolidation of Bitcoin prices, experienced traders usually hold back and wait for clearer price action signals before taking the next step. (Cointelegraph)