[Analyst: Bitcoin Sellers Are Getting Exhausted, But Market Recovery Still Lacks Demand] CryptoQuant analyst Darkfost wrote that Bitcoin's "seller exhaustion" model shows sellers are getting tired. This indicator measures whether sellers still have enough incentive to push prices down by comparing the percentage of supply in profit-taking with average monthly volatility. Currently, this indicator has fallen back to levels comparable to bear market periods, consistent with short-term profit-taking and Bitcoin's pullback of over 10% from its previous high. Darkfost stated that historically, such a decline in selling pressure has helped form bottoms, but this does not necessarily indicate a market recovery. Even if sellers have calmed down, the market still needs demand to drive it, and Bitcoin currently lacks demand.