21Shares: Bitcoin seller exhaustion indicator drops to a very low range since 2010

21Shares posted on platform X that the Bitcoin seller exhaustion indicator is currently about 0.007, which is in the lowest 0.3% range of all readings since 2010. This indicator has only reached such a low level 11 times in history, and in all previous cases, the price increased one year later, with a median increase of 155%.

The institution pointed out that this is not necessarily a bottom judgment, as past cases have indeed shown some short-term declines before the final turnaround.