Analyst: Selling pressure from OG holders is easing; Bitcoin. may be poised to challenge the $107,000 price target
Svmuu News: Cryptoquant analyst DarkFrost noted that selling pressure from OG holders has significantly eased, with the 90-day average of spent UTXOs falling from a cycle high of approximately 2,300 BTC to around 1,000 BTC. The current trend leans more toward holding,This trend aligns with the largest net outflow from Bitcoin exchanges since December 2024. Analysis indicates that Bitcoin has entered a breakout phase and may be poised to challenge the $107,000 price target, driven by technical indicators, reduced selling pressure from long-term holders, and continued BTC outflows from exchanges.On the macro front, the correlation between Bitcoin and gold has turned negative. Historical data shows that in such scenarios, BTC typically rises by an average of 56% within approximately two months.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Analysis of Major Global Cryptocurrency Exchanges and Market Trends
-
2
CME Launches 24/7 Crypto Futures Trading: Market Impact and Mechanism Analysis
-
3
Bitcoin, Gold, and Stocks: A Comparison of Risks, Returns, and Use Cases
-
4
What is MATE? An Analysis of the Asset, Project Positioning, and Current Status
-
5
NFXC Coin Status Analysis: Project Ecosystem, Market Performance, and Risk Considerations
-
6
DBEX Trading Platform Risk Alert and Overview of Mainstream Centralized Exchanges
-
7
What is HKBY coin? Trading Activity and Risk Warning
-
8
RLTM (RMV) Token: Reality Metaverse Token Prospects and Investment Considerations
-
9
OMG and RIF Contract Status Analysis: Two Layer Projects Heading in Different Directions
-
10
What is WE Coin? An Analysis of WeBuy Token (WE)'s Use Cases and Trading Platforms
Markets Today
Recommended Reading










