Bitcoin Selling Pressure Eases as Demand for Recovery Stays Weak
Photo: TokenPost
Bitcoin (BTC) sellers appear to be losing momentum after a decline of more than 10% from a previous high, but demand remains weak, CryptoQuant analyst Darkfost said. Darkfost’s seller-exhaustion measure compares the share of Bitcoin supply held in profit with average monthly volatility. It gauges whether sellers have enough incentive to keep pushing prices lower. The measure has fallen to levels comparable with those seen during bear markets, alongside short-term profit-taking and Bitcoin’s pullback. Historically, easing selling pressure has helped form market bottoms. That pattern does not guarantee a recovery.
Source: TokenPost
