[Analysis: Bitcoin Selling Pressure Reaches Bear Market Extremes; Bottoming Possible, But Reversal Requires New Demand] BlockBeats reported on November 4th that CryptoQuant analyst Darkfost stated that on-chain data shows Bitcoin's "seller exhaustion model" indicator has fallen to its lowest level since the bear market began. This model measures whether sellers still have enough leverage to continue pushing prices down by comparing the market's profit-supply ratio with average monthly volatility. With BTC having corrected by over 10% from its previous high, short-term profits have largely been realized, and selling momentum has significantly weakened. Historically, such a sharp decline in selling pressure usually helps form a market bottom. The analyst also warned that reduced selling pressure does not equate to an immediate market rebound. The core contradiction is that although sellers have calmed down, the market still lacks sufficient "new demand" to drive prices upward. Until buying funds substantially return, Bitcoin's upside potential remains limited. [Original Link]