21Shares: Bitcoin Seller Exhaustion Indicator Drops to Extremely Low Range Not Seen Since 2010

21Shares stated on platform X that the Bitcoin seller exhaustion indicator currently stands at approximately 0.007, placing it in the lowest 0.3% range of all readings since 2010. Historically, this indicator has reached such low levels only 11 times, and in all previous cases, prices rose one year later, with a median increase of 155%. The firm noted this may not necessarily signal a bottom, as past cases did see some short-term downside before ultimately turning.