Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price By Cointelegraph

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© Reuters.

(BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses.

Data from on-chain analytics firm Glassnode shows that seller exhaustion is reaching ideal levels for a BTC price leg up.

Bitcoin Seller Exhaustion Constant chart. Source: Glassnode
Bitcoin Hash Ribbons chart. Source: William Clemente/ Twitter
Bitcoin miner outflow multiple chart. Source: Glassnode