Opinion: BTC Seller Exhaustion Index Enters ‘Extreme Levels’ for First Time in Current Bear Market

BlockBeats News, August 11th - Trader Murphy (@Murphychen888) posted that Glassnode's latest metric, the BTC Seller Exhaustion Index, has entered the "Extreme Exhaustion Zone" for the first time in this bear market cycle. This index comprehensively measures the combination of low volatility and high loss status.

Murphy pointed out that similar signals in history have usually appeared in the bottom range of bear markets, but the first trigger does not necessarily correspond to the absolute low point; if the price continues to fluctuate or decline further in the future, and the index does not hit a new low, the historical certainty of a second signal is usually higher.