bitcoin:native sellers are getting exhausted.. That is what the seller exhaustion model shows. This indicator gauges whether sellers still have enough fuel to drive prices lower, by comparing the share of supply in profit with the average monthly volatility. Today, the metric is back at its lowest bear market levels, which is not inconsistent, since short-term profits appear to have been taken while BTC has now corrected by more than 10% from its previous high. Historically, this drop in selling pressure has allowed bottoms to form. However, it does not predict that the market will recover. Even if sellers have calmed down, demand is still needed, and Bitcoin is still short of it.