$BTC QCP: Bitcoin Faces 'Significant' Selling Pressure at $100,000 Threshold BlockBeats Report, January 6th, QCP released its daily market observation stating that this week has had a positive start, with Bitcoin (BTC) approaching the $100,000 mark again, facing significant selling pressure once more. This level had previously experienced considerable selling pressure in December.

So, can Bitcoin break through the $100,000 threshold? The first breakout of this critical level occurred on December 5th, when funding costs surged. However, this time the funding costs remain at a healthy level, and we do not expect a large-scale short squeeze in the short term. Unlike before, considering that relevant catalysts from Trump may not materialize until after his inauguration on January 20th, similar market-driving factors are unlikely at this time. Front-end volatility remains relatively mild, and overall market sentiment is leaning towards neutral.

Due to the lack of cryptocurrency-specific catalysts recently, the market will focus on the U.S. January non-farm payroll report this Friday (January 10th). However, expectations for Friday's non-farm payroll report will be further confirmed this week through the JOLTS job openings data on January 7th and the ADP employment data on January 8th.