According to Tuesday's Glassnode market report, seller pressure from long-term BTC holders (those who hold Bitcoin for three months to three years) is increasing, adding: "We can expect that if prices rise, the incentive for this group to sell more supply will increase and further boost their unrealised profits". The Glassnode report predicts that volatility will increase following the relative stability of the bitcoin market over the past week. It adds: "The sell-side risk ratios for long- and short-term holders have recalibrated, indicating that a new equilibrium has been found. This suggests that the market is ready to move and expectations for near-term volatility should strengthen."