1g fa
On-Chain Metrics Show Softer Bitcoin Selling as Spot Demand Drop Narrows in 2026
Bitcoin climbed to a one-month peak of $74,000 in early 2026 as on-chain data pointed to easing sell pressure and improving spot demand. According to CryptoQuant, apparent spot demand contraction narrowed from about -136,000 BTC at the start of 2026 to roughly -25,000 BTC, while long-term holder outflows fell to 276,000 BTC from 904,000 BTC in November. Analysts still see potential resistance forming around $79,000 and possibly near $90,000, with broader sentiment gauges remaining cautious.