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

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【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-2,54%

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HashRatePhilosopher

· 5h ago

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

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MoonRocketTeam

· 5h ago

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.

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GasFeeCrier

· 5h ago

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

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DataBartender

· 5h ago

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?

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