Looking at the Sell-Side Risk Ratio indicator for Bitcoin, although the current price of BTC isn’t ideal, there hasn’t been a massive sell-off or panic selling as some might imagine. The value has already returned to a low range, indicating that most of the people willing to sell have likely done so during the previous wave of volatility. The remaining participants are mostly in a wait-and-see mode. The Sell-Side Risk Ratio, which can be understood in Chinese as '卖压风险比率' (Sell Pressure Risk Ratio), is primarily used to measure how strong the willingness of investors in the market is to sell Bitcoin and realize profits or losses. The higher this value (closer to the blue line), the greater the on-chain value realization, and the stronger the market turnover and sell pressure. The lower the value (closer to the red line), the fewer people are truly willing to sell, and the market leans more toward consolidation, accumulation, and re-accumulation of positions. In plain terms, now might be a good time to start gradually and slowly buying the dip.