Definition. Seller Exhaustion Constant is the product of Percent Supply in Profit and 30-day price volatility, designed to detect low-risk bottoms.

Technical. Volatility is the 30-day rolling standard deviation of price divided by price. For ETH, contract addresses are excluded from the supply in profit.

Interpretation. The metric fires when two factors co-align, low volatility and high losses.

Notes. First put forward by ARK Invest.