Cryptoquant: OG holders' selling pressure weakens, Bitcoin may challenge the $107,000 target price

2026-01-17 13:34:30

Abstract generation in progress

CoinVoice has learned that Cryptoquant analyst DarkFrost stated that the selling pressure from OG holders has significantly decreased. The 90-day moving average of spent UTXOs has dropped from a cycle high of approximately 2,300 BTC to around 1,000 BTC. The current trend is more inclined to hold, which is consistent with the largest Bitcoin exchange net outflows since December 2024.

Analysis shows that Bitcoin has entered a breakout phase, potentially targeting $107,000. The driving factors include technical indicators, weakening selling pressure from long-term holders, and continuous outflows of BTC from exchanges. On the macro front, the correlation between Bitcoin and gold has turned negative. Historical data indicates that in such cases, BTC typically rises an average of 56% within about two months.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.