Bitcoin Holders Under Little Pressure to Sell Despite ETF Outflow — Market Talk
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Long-term holders of bitcoin are under little pressure to sell, even though ETFs outflows have been seen for bitcoin for four out of the past five days, according to data from Coinglass. Nearly $1.7 billion has flowed out of these ETFs in that time, according to Coinglass. But selling pressure among long-term holders of bitcoin is low, says Cex.io in a note. "The sell-side risk ratio - which measures how much pressure the market is actually under to sell - reached its lowest level since October 2023," says the firm. In the short-term, this kind of showing has preceded large moves in BTC prices, in either direction. In the longer-term, the trend is typically higher, says Cex.io. Bitcoin is down 0.4% to $76,554, according to LSEG. (kirk.maltais@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260519006777:0/
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