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Bitcoin seller exhaustion signals easing pressure
CoinDesk·
Bitcoin's realized losses have significantly decreased, falling from peaks of $2 billion daily to around $400 million, indicating a reduction in forced selling. This trend, coupled with a rising profit-to-loss ratio to 1.4, suggests that market conditions are improving and realized profits now exceed losses. After consolidating for over two months, Bitcoin is showing signs of seller exhaustion, potentially paving the way for upward price movement. The easing selling pressure, despite ongoing macro uncertainties like rising oil prices, points to a healthier market dynamic where buyers are gaining more control.
Tickers
$BTC-USD
Tags
crypto
fintech
macro
Original Source
CoinDesk — coindesk.com