Analyst: Bitcoin seller pressure climbs to prior cycle-top levels
- —Seller Exhaustion indicator flashed after BTC climbed above $85,000
- —Current reading is near thresholds seen at prior local cycle tops
- —Pressure is most visible among short-term holders
- —A demand recovery and lower volatility are needed to ease the risk
Why it matters: The signal points to a risk of a short-term Bitcoin pullback unless demand improves and volatility cools.
Source: PANews
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