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
Supply in Profit/Loss
The percentage of Bitcoin's circulating supply currently held at a profit vs. at a loss. Determined by the acquisition price of each UTXO relative to current 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.
Sell-Side Risk Ratio
Measures the total amount of realised profit and loss relative to the Realised Cap. Indicates the significance of profit/loss-taking activity relative to the market's total value.
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.