21 Shares: Bitcoin seller depletion target dropped to very low range since 2010

On 21 August, 21 Shares sent a message on platform X that the Bitcoin seller depletion target was currently around 0.007, with a minimum of 0.3 per cent of all readings since 2010. This indicator reached such a low level only 11 times in history, after all the previous cases had seen prices rise a year later, with a median increase of 155 per cent. It noted that this was not necessarily a bottom-up judgement, as there had indeed been some short-term downturns in past cases before the eventual shift。