trend

06/17 07:39

Bitcoin Seller Exhaustion? On-chain Data Signals T

#World Cup Predictions: 100,000 USDT Daily Bitcoin Seller Exhaustion? On-chain Data Signals Transition Toward Late-Stage Capitulation Following a wave of selling pressure that pulled bitcoin ($BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by a reprieve in macroeconomic conditions. According to analysts at crypto exchange Bitfinex, the market is witnessing a transition into late-stage capitulation rather than a broader distribution phase. This translates to constant selling pressure among previous buyers of $BTC, like exchange-traded funds (ETFs) and treasury companies. Bitcoin Sellers Are Getting Exhausted Recent bitcoin buyers aggressively turned into sellers after the asset’s price fell below $75,000. Since then, demand for the cryptocurrency has been completely agnostic to price. These buyers are now realizing losses at an accelerating pace, as evidenced by the $1.35 billion in daily realized losses in June’s first trading week. As selling pressure persists, analysts added that the market is in a transitional phase that reflects a typical post-liquidation structure. This dynamic often appears once the primary wave of forced selling from distressed investor cohorts exhaust themselves. Although current loss realization levels are enough to confirm deep bear conditions, they have not reached the intensity required to establish a definitive bottom. Market experts believe that demand levels will determine whether this consolidation transforms into a concrete support floor or acts as a temporary pause before a deeper plunge. “What the tape shows is seller exhaustion arriving at the same moment as a macro reprieve, which is a different condition from genuine demand. The price action that follows each behaves very differently, which leads us to believe that despite the short-term recovery, bulls face significant hurdles before an uptrend can form,” analysts explaine

#BTC Prophet: 20-Day 380 Million HTX Challenge #2026 World Cup Posting Challenge on HTX Square $BTC $ETH $XRP

1Condividi