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CHAIN SIGNALS SHIFT:
BTC's Sell-Side Risk Ratio just compressed back to October 2023 levels—and that's telling us something important.
Realized profits and losses? They're happening at weak multiples right now. That's code for: nobody's got the stomach to dump at these prices with real conviction.
The sellers are running on fumes. Market pressure is finally losing steam.
When distribution appetite dries up like this, you're watching the setup shift in real time.