Bitcoin Seller-Exhaustion Indicator Nears Thresholds Linked to Prior Tops
Photo: TokenPost
Bitcoin’s Seller Exhaustion indicator has risen sharply after a rebound pushed Bitcoin (BTC) above $85,000, signaling increased potential selling pressure in the current market cycle. The increase has been especially pronounced among short-term holders. The indicator combines the share of Bitcoin supply held at a profit with market volatility to identify periods of risk and market calm. Its current level is approaching thresholds previously associated with multiple local tops during this cycle. The latest move has also been notably sudden. The next factors to watch are whether demand improves and volatility contracts.
Source: TokenPost
