The Bitcoin sell-side risk ratio is near an all-time low, indicating that investors are reluctant to sell at the current price range, whether for profit or loss. The sell-side risk ratio quantifies the total amount of sell-side risk in the market and it assumes that all profits and losses realised in the chain are potential sources of sell-side pressure. Low values are associated with relatively low market volatility and are typical of market consolidation phases and sideways market trends.