Bitcoin (BTC) sellers may not have capitulated enough, but current trends are “typical” of the end of bear markets. According to data from on-chain analytics firm Glassnode, seller behavior suggests that a macro price bottom is forming. Analyst: Seller exhaustion “near” bear market lows In the latest hint that Bitcoin’s latest bear market is nearing its end, Glassnode has revealed that the network is currently weathering a “perfect storm” of low volatility and high on-chain losses. The Seller Exhaustion Constant, calculated from one-month rolling volatility and on-chain t ...
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