Are Bitcoin Sellers Getting Exhausted? The Data Says ‘Yes, But…’
Bitcoin (CRYPTO: BTC) is trying to stage a recovery as a new report hints at sellers slowly getting exhausted.
Seller Fatigue Builds As Bitcoin Stabilizes From Oversold Levels
Glassnode’s latest weekly report detailed how Bitcoin’s drop below $90,000 and brief slide to $80,500 pushed momentum indicators into extreme oversold territory.
The firm noted the 14-day RSI fell to 18.8, one of its lowest readings of the year, suggesting downward momentum is beginning to weaken.
Spot behavior supports the shift. Spot CVD improved from –$530 million to –$216 million, indicating fewer aggressive sell orders.
Spot volume rose 11.6% as traders reassessed positioning around the mid-$80,000 region.
Glassnode said these dynamics align with conditions typically seen in the late stages of corrective phases.
Derivatives Markets Still Lean Defensive
Open interest in futures fell 5 percent, reflecting position unwinds rather than new short exposure.
Funding rates dropped further, showing weaker demand …
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