Home Bitcoin News Bitcoin Price Could Explode as Bitwise CEO Predicts Sell-Off Will End at $130K

Bitcoin Price Could Explode as Bitwise CEO Predicts Sell-Off Will End at $130K

Bitcoin selling pressure

Bitcoin may be on the verge of a major shift in market behavior, according to Bitwise CEO Hunter Horsley. He believes that once the leading cryptocurrency pushes beyond the $130,000 to $150,000 range, the majority of long-term holders will stop selling altogether.

In a recent post on X (formerly Twitter), Horsley expressed his confidence in Bitcoin’s long-term value proposition. “Once Bitcoin breaks through $130K–$150K, no one is going to sell,” he stated, signaling that the supply of BTC on the open market may become increasingly scarce as prices continue to climb.

Early Sellers Are Cashing In Around $100K

Bitcoin has been holding steady near its all-time highs in recent weeks. As of the time of writing, BTC is trading at around $108,700, just a few thousand dollars below its peak of $111,970 reached in May, according to CoinMarketCap data.

Over the past 30 days, Bitcoin has climbed by over 6%, pushing the market closer to a critical psychological level—$100,000. Horsley noted that many of the current sellers are early adopters who purchased Bitcoin years ago at a fraction of the current price. These long-term holders are now taking profits, cashing out some of their holdings as prices touch new milestones.

However, Horsley emphasized that this selling pressure will likely fade. “Once Bitcoin breaks new levels, this will peter off,” he said, suggesting that the trend of profit-taking will ease as new price territory is established.

Institutional Demand and Liquidity Options Are Expanding

The idea that Bitcoin’s supply will tighten as demand increases isn’t just speculation. Mike Novogratz, CEO of Galaxy Digital, recently stated that the $130K to $150K range is a realistic target for Bitcoin this year. He pointed to growing institutional interest and a steady influx of capital into digital assets as key drivers of price momentum.

As more institutions enter the space, investors are also finding new ways to access liquidity without selling their Bitcoin. Horsley explained that future liquidity needs will likely be met through borrowing, rather than selling. “People are going to borrow from an ever-growing set of lenders,” he said.

This trend could lead to even greater scarcity, as fewer coins are sold on public markets. “All of which will further propel the price. There’s simply not going to be enough Bitcoin,” Horsley added.

Long-Term Holders Still in Profit

According to Bitbo, a crypto analytics platform, the average long-term Bitcoin holder—defined as someone who has held BTC for more than 155 days—is currently sitting on gains of over 215%. These holders typically bought their Bitcoin at an average price of around $34,414.

In contrast, short-term holders—those who bought within the last few months—are seeing smaller profits, with the average purchase price closer to $97,911. Despite these gains, most long-term investors appear to be holding firm, expecting higher valuations in the future.

OTC Desks Show Supply Tightening

Behind the scenes, over-the-counter (OTC) trading desks—which handle large off-exchange trades for institutions—are reporting signs of supply constraints. As demand continues to grow from both retail and institutional investors, fewer sellers are willing to part with their Bitcoin holdings.

This has been echoed by Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), a well-known Bitcoin advocate. On June 10, Saylor noted that Bitcoin miners are now releasing just 450 BTC into the market each day—worth approximately $50 million at current prices.

“If that $50 million is bought, then the price has got to move up,” Saylor argued. He emphasized how a relatively small amount of capital can have a large impact on Bitcoin’s price due to its limited daily supply.

What This Means for Bitcoin’s Future

As more Bitcoin is held by institutions, long-term investors, and treasury reserves, and with fewer coins being released by miners, the market may face a major supply crunch. This could lead to explosive upward movement in price once demand crosses a critical threshold.

Horsley’s comments reflect growing confidence among crypto leaders that Bitcoin’s next price surge could trigger a new phase of market maturity. Rather than seeing wild volatility from sudden sell-offs, future price growth may be steadier and more sustainable, driven by institutional adoption and long-term holding behavior.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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