Analysts: Selling pressure from OG holders eases; Bitcoin may challenge the $107,000 target price.

According to Mars Finance, Cryptoquant analyst DarkFrost stated that selling pressure from OG holders has significantly decreased. The 90-day average of spent UTXOs has dropped from a cycle high of approximately 2,300 BTC to around 1,000 BTC, with the current trend favoring holding. This trend aligns with the largest net outflow of Bitcoin from exchanges since December 2024. Analysis suggests Bitcoin has entered a breakout phase and may challenge the $107,000 target price, 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 situations, BTC typically rises by an average of 56% within approximately two months.