Selling pressure intensifies, Darkfost says Bitcoin has reached local top levels for this cycle

Odaily reports: Darkfost posted on X platform stating that Bitcoin has entered a phase of significantly increased selling pressure. After the recent rebound pushed Bitcoin's price above $85,000, the "seller exhaustion" indicator has signaled that potential selling pressure is rising; this indicator combines profitable supply and volatility to identify risk and calm phases, and this increase is particularly pronounced among short-term holder groups. The current indicator level has approached the threshold seen at multiple local tops earlier in this cycle, and it remains to be seen whether demand can improve and volatility can converge.