The Bitcoin sell-side risk ratio has dropped to all-time lows, indicating a potential big move for the cryptocurrency. This ratio measures the ratio between profits and losses in the Bitcoin market and the realized cap. The realized cap is a capitalization model that calculates the "true" value of Bitcoin by assuming that each coin in the supply is not worth the same as the current spot price, but the price at which it was last moved. Low values of the sell-side risk ratio imply that holders are reluctant to sell, which could be a bullish sign, but it's uncertain which direction the volatility might go.
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