Will Bitcoin Price Reclaim $100,000 in January? 3 Charts Hold the Answer

Bitcoin started 2026 stuck near $88,000, extending weeks of sideways trading. While price action looks stagnant, on-chain data suggests the market may be quietly shifting beneath the surface.

Three indicators from CryptoQuant point to easing sell pressure, even as macro uncertainty continues to cap upside momentum.

Bitcoin’s price has struggled to reclaim key resistance after a sharp pullback in late 2025. The lack of follow-through buying has kept sentiment fragile, with traders waiting for confirmation that the correction has run its course.

The first signal comes from long-term holder (LTH) supply data. After months of negative readings, the 30-day net change in LTH supply has turned positive by roughly 10,700 BTC.

This shift suggests that long-term investors are no longer distributing coins at scale. 

Instead, supply is gradually moving back into stronger hands, a pattern often seen during consolidation phases rather than market tops.

A second chart tracks the long-term holder spent output profit ratio (SOPR). This metric shows whether long-term holders are selling at a profit or a loss.

Currently, LTH SOPR is hovering around the neutral 1.0 level. That indicates long-term holders are not capitulating or rushing to exit at losses. 

Historically, this behavior aligns with markets finding equilibrium after a correction, rather than entering a deeper breakdown.