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Begins 2026 Bitcoin stuck near $88,000, completing weeks of sideways trading. While the price action seems to be stagnant, the data on the chain suggest that the market may be quietly turning under the surface.
Three indicators from CryptoQuant point to a decrease in selling pressure, even as general uncertainty continues to limit bullish momentum.
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Long-term holders of assets are showing signs of accumulation
The price of Bitcoin has struggled To restore the main resistance After a sharp decline at the end of 2025. The absence of a sustained wave of purchases has kept the sentiment fragile, as traders await confirmation that the correction is over.
The first indication comes from data on the supply of long-term Bitcoin holders. After months of negative readings, the 30-day net change in supply for long-term Bitcoin holders turned positive from approx. 10,700 BTC.
This change indicates that long-term investors are no longer spreading the coins widely.
But this Supply moves gradually Towards stronger hands, a pattern often observed during consolidation phases instead of market peaks.
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SOPR signals to long-term investors balance, not capitulation
Another graph plotted the Spent Production Percentage Profit or Loss (SOPR) for long-term Bitcoin holders. This statistic shows whether long-term holders are selling at a profit or a loss.
Currently, the SOPR ratio for long-term holders is in the neutral level 1.0. This indicates that Long-term holders do not give up or exit quickly with a loss.
Historically, this behavior is consistent with Markets find their equilibrium After a correction, instead of entering a deeper collapse.
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The third indicator tracks the net flows of Bitcoin on exchanges. Recent data shows a continuation Net flowswith more BTC leaving exchanges than between them.
This trend reduces the supply for immediate sale in the markets.
The absence of a rebound in prices reflects that demand remains cautious, likely due to tighter liquidity and delayed expectations of a US interest rate cut, according to the report. This report.
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Will the price of Bitcoin recover in January?
Taken together, the indicators reflect a mixed but better picture. Supply-side pressures appear to be easing, and long-term holders remain confident.
The price remains limited in a certain range due to weak demand and negative macroeconomic factors. A quick jump towards $100,000 in January probably required a new catalyst.
Without this, Bitcoin can continue to consolidate and build a base that can support a stronger recovery at the end of 2026 than an immediate breakout.
