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On-chain metrics for $BTC are showing signs that CryptoPotato's analysis describes as seller exhaustion — a phase in which the flow of coins being moved by distressed holders begins to dry up.
The outlet frames this as a potential transition into late-stage capitulation, a market condition associated with the final wave of forced selling before a trend shifts.
Crucially, the analysis signals a transition, not a completion. What Seller Exhaustion Actually Measures Seller exhaustion is a flow concept, not a price one.
It describes the point at which holders who accumulated at higher prices and have been sitting on unrealized losses either finish selling or stop moving coins altogether.
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