Seller Exhaustion
What Is Seller Exhaustion?
A composite metric identifying when selling pressure has been exhausted, often signaling market bottoms. Based on supply profitability, realised loss trends, and volatility compression.
How to Interpret
Seller exhaustion signals combine with low volatility to mark optimal accumulation zones. Historically one of the most reliable bottom indicators.
More Profit & Loss Metrics
Realised Profit/Loss
The total profit or loss actually realized by coins that moved on-chain. Calculated from the difference between the price at which coins were acquired and the price at which they were moved.
Capital Rotation
Tracks the flow of capital between different cohorts of Bitcoin holders — from long-term holders to short-term holders and vice versa, based on UTXO age distribution changes.
Unrealised Profit/Loss
The total unrealised profit or loss of all Bitcoin held on-chain, calculated by comparing each UTXO's acquisition price to the current market price.
Realised Cap
The sum of all UTXOs valued at the price they were last transacted. Unlike market cap which values all coins at current price, Realised Cap weights each coin by its last on-chain moved price.