21Shares: Bitcoin Seller Exhaustion Likely Near, Historical Similar Signals Preceded Median 155% Gain in One Year

Odaily Planet Daily News 21Shares stated that selling pressure in the Bitcoin market may be nearing exhaustion. Data shows that the Bitcoin Seller Exhaustion Constant currently stands at approximately 0.007, placing it within the lowest 0.3% of all readings since 2010.

21Shares noted that this marks the 11th time such a low reading has occurred in Bitcoin's history; following the 10 previous instances, Bitcoin's performance one year later consistently exceeded levels at the time, with a median gain of 155%. However, 21Shares emphasized that this indicator does not confirm that Bitcoin has bottomed out. Historical data indicates that after a seller exhaustion signal emerges, Bitcoin may still continue to decline in the short term before a trend reversal is completed.