Opinion: Bitcoin enters the stage of potential selling pressure intensification, and whether subsequent demand can be undertaken is key.

On October 11, cryptocurrency analyst Darkfost released his opinion on platform X that Bitcoin is currently facing significantly rising selling pressure. The analysis focuses on potential selling pressure rather than actual selling behavior. By integrating profit supply and volatility (yield) data, the seller exhaustion indicator can effectively distinguish whether the market is in a risk stage or a stable stage, providing a reference basis for short-term trend judgment. During this rally, Bitcoin prices broke through the $85,000 mark, but the indicator suggests that the market may be approaching a critical point where selling pressure increases. The indicator turns quite steeply, reflecting sharp swings in short-term investor behaviour. Because volatility decays over time, investors do not need to focus too much on specific values, but the overall evolution is obvious. The indicator has now reached a critical threshold, highly coinciding with the local top warning signals that have appeared in previous cycles. Future market trends still need to pay attention to whether there are signs of improvement on the demand side to contain potential correction risks; if volatility continues to narrow, it may push the indicator back to normal levels.