Recent on-chain data indicates that Bitcoin may be entering a phase of seller exhaustion as realized losses have significantly decreased from peaks of $2 billion to around $400 million per day. This decline suggests diminishing forced selling, with the profit-to-loss ratio rising to 1.4, meaning realized profits now outweigh losses. After hitting a low near $60,000 on February 5, Bitcoin has been consolidating and is gradually moving toward the $70,000 level. The easing selling pressure is reflected in the shift from aggressive selling to net buying in spot markets. Data from CheckonChain and Glassnode supports this trend, showing that realized profits are around $300 million per day, near twelve-month lows, indicating that investors who bought Bitcoin at $60,000 are starting to take some gains. Overall, these indicators suggest a market environment where selling pressure is fading, potentially leading to seller exhaustion.