Bitcoin floats in a midrange limbo as sell-side risk ratio remains subdued amid downtrend in spot volume trends

Lack of aggressive selling keeps Bitcoin steady in a low liquidity environment.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

As Bitcoin's price meanders without new capital surges or exits, on-chain data offers a revealing glimpse into holder behavior. The Sell-Side Risk Ratio (SSR) remains a key metric to watch, hinting at the potential for market shifts. Typically, a high SSR signals looming sell pressure, but it's interestingly flat right now, suggesting a market caught in a delicate balance. What could this flat SSR indicate about Bitcoin's immediate future, and will it tip the scale towards a bullish breakthrough or a bearish descent?