$BTC Bitcoin Sell Side Exhaustion Metric Hits Lowest Level Since 2010, What Does History Say?
21Shares has just announced that the Bitcoin sell-side exhaustion metric currently stands at ~0.007, placing it in the lowest 0.3% of readings recorded since 2010.
🔸 Historically, this metric has reached such low levels only 11 times. In every previous instance, the BTC price rose over the following year, with a median gain of 155%.
🔸 However, 21Shares notes that this does not necessarily signal an absolute market bottom; past instances saw short-term declines occur before the final trend reversal took hold.
👉 This metric reflects diminishing sell pressure from holders, signaling a positive outlook for the medium to long term. Yet, as the firm emphasizes, macro bottoms often experience periods of volatility before a genuine breakout occurs. This is a time for long-term investors to closely monitor support levels, without necessarily expecting an immediate price surge.
💬 Do you trust this metric? Given that history shows a 100% success rate for BTC price increases one year later across these 11 instances, what action would you take?
News is for reference, not investment advice. Please read carefully before making a decision.
21Shares has just announced that the Bitcoin sell-side exhaustion metric currently stands at ~0.007, placing it in the lowest 0.3% of readings recorded since 2010.
🔸 Historically, this metric has reached such low levels only 11 times. In every previous instance, the BTC price rose over the following year, with a median gain of 155%.
🔸 However, 21Shares notes that this does not necessarily signal an absolute market bottom; past instances saw short-term declines occur before the final trend reversal took hold.
👉 This metric reflects diminishing sell pressure from holders, signaling a positive outlook for the medium to long term. Yet, as the firm emphasizes, macro bottoms often experience periods of volatility before a genuine breakout occurs. This is a time for long-term investors to closely monitor support levels, without necessarily expecting an immediate price surge.
💬 Do you trust this metric? Given that history shows a 100% success rate for BTC price increases one year later across these 11 instances, what action would you take?
News is for reference, not investment advice. Please read carefully before making a decision.