星球日报|Nov 04, 2026 07:08
[Seller Exhaustion Indicator Drops to Lowest Level Since Bear Market Begins; Bitcoin Reversal Still Requires New Demand] Odaily Planet Daily reports that Darkfost, in an article published on the X platform, stated that on-chain data shows the Bitcoin seller exhaustion model indicator has dropped to its lowest level since the start of the current bear market. This indicator measures whether sellers still have enough leverage to push prices down by comparing the market's profit-driven supply ratio with average monthly volatility. After Bitcoin's pullback of over 10% from its previous high, short-term profit-taking has largely occurred, weakening selling momentum. Historically, reduced selling pressure has typically helped the market bottom out, but easing selling pressure does not guarantee an immediate market rebound. Currently, the market still lacks new demand to drive prices upward, and Bitcoin's upside potential remains limited until buying funds substantially return.
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