Selling pressure intensifies, Darkfost says Bitcoin has reached the local top level of this cycle

Odaily News: Darkfost posted on the X platform 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 issued a signal, and potential selling pressure is rising. This indicator combines profitable supply and volatility to identify risk and calm phases, and this increase is particularly evident among short-term holders. The current indicator level is already close to the thresholds seen at multiple local tops earlier in this cycle, and it remains to be seen whether demand can improve and volatility can converge.