New indicator alert — BTC Seller Exhaustion Index! This measures both low volatility *and* high losses. When these two conditions are met, the indicator triggers a signal. Here’s the current situation: Sellers have entered the 'Extreme Exhaustion Zone' (red zone) for the first time in this bear market cycle. Looking at historical data, we can see that every past bear market has shown similar patterns — sometimes even more than once (marked as 1/2 in the chart). When the first signal (1) appears, it might not be the absolute bottom of the bear market, but it’s definitely within the bottom range. Later on, if the price consolidates or drops further but the index doesn’t go lower, I’ll mark that as 2. Historically, the certainty of 2 is higher than 1. However, the risk is that the price at 2 could still be higher than at 1. Based on these observations, here’s the takeaway: If you’ve already started building positions, you’re not wrong. If you wait for 2 to build positions, you’re also not wrong. But if 2 appears and you’re still too scared to buy, you might miss out on the entire bull market. (P.S.: Don’t say I’m always coming up with new indicators, haha. It’s the Glassnode team that frequently updates these metrics. I just saw it, thought it was valuable, and decided to share it with you all!) #BTC #Crypto #Glassnode #BearMarket #CryptoTrading