Opinion: Bitcoin enters a phase of potential increased selling pressure, with whether subsequent demand can absorb it becoming key

BlockBeats news, October 11: Crypto analyst Darkfost posted on X platform stating that Bitcoin has entered a phase of significantly intensified selling pressure. What is being discussed here is not the actual selling pressure that has occurred, but potential selling pressure. The "Seller Exhaustion Indicator," which combines profitable supply with volatility (yield), is used to identify market risk phases and stable phases, and is a valuable indicator for short-term market analysis.

As this rally pushed Bitcoin's price above $85,000, the indicator shows the market is entering a phase where selling pressure may intensify. The change in the indicator this time was quite sudden, and the performance of short-term holders is particularly evident. Since volatility weakens over time, there is no need to focus excessively on specific values, but the overall trend of change is already relatively clear.

Currently, the indicator has reached a critical level, similar to levels that previously signaled local tops in this cycle. Next, it remains to be seen whether market demand can improve, thereby limiting a potential pullback; if volatility narrows accordingly, it will also help the indicator return to normal.