Bitcoin seller pressure has intensified significantly following the cryptocurrency's recent rally above $85,000, with the Seller Exhaustion indicator reaching levels consistent with previous local tops in this cycle. The metric, which combines supply in profit and volatility to identify market risk phases, shows a sudden increase particularly among short-term holders. Market participants must now monitor whether demand improves and volatility converges to prevent a potential pullback. A return to normal indicator readings would signal that selling pressure has been absorbed, while sustained elevation at current thresholds suggests elevated downside risk in the near term.