Will Bitcoin Price Reclaim $100,000 in January? 3 Charts Hold the Answer
Three on-chain indicators suggest easing sell pressure, though macro factors may prevent an immediate January Bitcoin price rally to $100,000.Summary
Bitcoin started 2026 trading near $88,000, showing stagnant price action despite underlying shifts in on-chain data. Three indicators from CryptoQuant suggest easing sell pressure. First, the 30-day net change in Long-Term Holder (LTH) supply has turned positive (around 10,700 BTC), indicating LTHs are accumulating rather than distributing. Second, the LTH Spent Output Profit Ratio (SOPR) is near the neutral 1.0 level, signaling that long-term holders are not capitulating at a loss. Third, Bitcoin exchange netflows show continued outflows, reducing immediate sell-side supply on spot markets. While supply pressure is easing and LTHs are confident, weak demand and macro headwinds, such as delayed expectations for US rate cuts, are capping upside momentum. Therefore, a rapid move to $100,000 in January is unlikely without a new catalyst; consolidation may continue, building a base for a later 2026 recovery.
(Source：BeInCrypto)