Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
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.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report



