Bitcoin seller exhaustion hits 4-year low in ‘typical’ bear market move

Cointelegraph

Published Nov 03, 2022 06:00AM ET

Updated Nov 03, 2022 09:00AM ET

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.

Bitcoin Seller Exhaustion Constant annotated chart. Source: Glassnode/Twitter
Bitcoin % UTXOs in profit/loss chart. Source: Glassnode
Bitcoin % UTXOs in profit chart. Source: Glassnode

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