đ Bitcoin Sellers in Hibernation Mode! đ€
- Despite Bitcoin prices hovering within 15% of all-time highs, sellers are now "minimal."
- CryptoQuant data shows sell-side risk at its lowest since early 2024.
- Since March's $73K peak, would-be sellers have vanished into the crypto ether.
- Sell-side risk ratio has plummeted from nearly 80,000 to below 20,000.
- Bitcoin still generates around $571M in daily profits, proving the network is far from dead.
- Short-term holders are back "in the black," with a cost basis around $62,250.
Keep calm and HODL on! đ