Bitcoin CPG indicator hits a new low this year, U.S. selling pressure intensifies, technical analysis suggests risk

YieldWhisperer · 2026-01-19T13:50:12+00:00

Recently, during the US stock market holiday, major American investors accelerated their sell-offs, and the Bitcoin market also showed signs of pressure, with the spread indicator dropping to its lowest point this year. From a technical perspective, Bitcoin has formed an ascending wedge pattern, and history shows that this pattern carries a risk of decline. If the support level breaks, the price could fall to $80,000. The next few days require close attention to this technical level.

YieldWhisperer

2026-01-19 13:50:12

Abstract generation in progress

【BiTu】Recently, brothers who have been watching the market should have felt the pressure during the US stock market holiday. Major US investors are indeed unloading during this window, and the data shows— the spread indicator between a compliant platform and a leading exchange(CPG) has dropped to -63.85, the lowest level since January this year. What does this mean? Simply put, the selling pressure on the US side is much stronger than in the global market, and it can’t just be blamed on spot ETFs.

Looking at the technical side, the Bitcoin daily chart has already formed an ascending wedge pattern, which is not a very good sign. Historical experience tells us that this pattern often comes with the risk of a downward breakout. Based on the current price structure, if the support is truly broken, it could head straight towards around $80,000. The next few days are crucial to see whether this technical level can hold.

BTC-2.5%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
5
Repost
Share

Comment

0/400

AirdropSweaterFan

· 16h ago

Americans are starting to unload again, and this CPG indicator is really impressive. Can 80,000 really hold? It feels uncertain.

View OriginalReply0

HashRatePhilosopher

· 01-19 14:19

American big players are really ruthless. The -63.85 data looks really uncomfortable, and it seems like it might test lower.

View OriginalReply0

MoonRocketTeam

· 01-19 14:13

Damn, -63.85 is making me a bit nervous. The big US investors are really dumping the market. Wait, if this wedge breakdown really drops to 80k, our rocket fuel will have to be sprayed downward. These are critical days, astronauts, hurry up and check the hatch. If we can't break the support, there's hope; if we break it, we need to activate the emergency plan. The data doesn't lie; the US stock market window is indeed unloading. Watch more, move less. This technical setup is really a bit fierce; wedge patterns have never been a good sign. 80,000 is waiting. Hopefully, it won't pay a visit.

View OriginalReply0

GasFeeCrier

· 01-19 14:08

The big players in the US are really aggressive this time. The CPG indicator has dropped to this level, we need to be cautious.

View OriginalReply0

DataBartender

· 01-19 13:58

The moves by the big players in the US are really aggressive this time. I didn't expect CPG to drop to -63.85. If the wedge pattern breaks, can 80k really hold?

View OriginalReply0