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Bitwise CEO Hunter Horsely said that Bitcoin’s sales pressure will drop once the main crypto by market capitalization will reach $ 130,000 per room.
“I think that Bitcoin has broken down, for example, 130 to $ 150,000, no one is going to sell their bitcoin,” he said in a June 11 job.
Bitcoin sells the volume of the first “Will Peter off” buyers
Horsly continued by saying that the current sales pressure on the market comes mainly from investors who bought BTC at much lower prices, and now consider the psychological bar of $ 100,000 as a strategic exit point.
The CEO of Bitwise added that the pressure of these investors will be short -lived. “Once Bitcoin broke up new levels, it will break out,” he said, referring to the sales activity.
His conviction that current sellers are investors who bought much lower prices align with a previous observation of the analysis company on Glassnode chain. Before BTC Broke above $ 100,000 on May 8, the firm said there was a “notable increase” of older investors sold once the key level has reached.
Bitcoins will find ways to access liquidity without selling, said Horsly
Horsly added that Bitcoin investors will seek other ways to access liquidity without selling even if their potentially hovering margins.
“And from there, when people need liquidity, they will borrow from a set of constantly increasing lenders,” he said. This liquidity could still propel the price of BTC, he added, arguing that there will not be enough bitcoin to meet demand.
SAYLOR recently echo A similar bullish feeling. Addressing Bloomberg on June 10, the executive president of the strategy said that there were approximately 450 bitcoin available for sale every day by minors.
Michael executive president of strategy @Saylor said that Crypto Winter does not come back and that Bitcoin goes to $ 1 million pic.twitter.com/j6q4qpujoa
– Bloomberg TV (@Bombergtv) June 10, 2025
Saylor then concluded: “At the current price level, it only takes $ 50 million to transform the entire transmission tree of the cryptography economy into a single turn.”
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