Summary
- Bitcoin is currently in a state where it is coiled like a spring, indicating potential for volatility.
- The Sell-Side Risk Ratio for short-term holders has declined recently, suggesting exhaustion among sellers.
- The indicator shows that profit or loss-taking among these holders has reduced, possibly leading to an unwinding.
- Bitcoin’s price has increased by around 3% in the past 24 hours, reaching $70,900.
