Bitcoin sell-side risk cools toward 0.1% as BTC waits for stronger spot demand

Bitcoin’s sell-side realization has eased after the drop from nearly $126,000 to around $60,000, with the Sell-side Risk Ratio falling toward the lower band near 0.1%. Open Interest sits near $47 billion and several on-chain gauges point to stabilization, but spot demand and participation still look too cautious to confirm a durable recovery.