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Bitcoin hits second-lowest seller-exhaustion level this cycle at $77,000, signaling potential market bottom.

Technical Signals
02 Nov 2026, 06:00 WIB
Tokenpost
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Bullish
Bitcoin hits second-lowest seller-exhaustion level this cycle at $77,000, signaling potential market bottom.

Bitcoin recently reached the second-lowest level on a seller-exhaustion index during a dip to $77,000, according to analyst Murphy. This index, which measures low volatility combined with high losses, has historically indicated market cycle bottoms. The latest reading, following a similar signal in August, suggests a strong likelihood of a market bottom, though it may occur at a higher price than the absolute low. This pattern could help investors anticipate Bitcoin's price movements in the current cycle.

Bitcoin seller-exhaustion index data provides context for cryptocurrency market conditions as of Nov 02, 2026 11:21 WIB. For readers following major cryptocurrencies on Pluang, the breadth shows 24 out of 50 assets rose while 25 fell. Notable movers include UNI at Rp132.909 with a 3.69% gain and a typical hold time of 65 days, THETA at Rp2.816 down 3.00%, and BNB at Rp12.992.792 up 2.17%, with BNB showing 68% buy activity, the highest buy-side interest among these.

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