Bitcoin News
By Dan Saada
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Bitcoin may be on the verge of a major shift in market behavior, according to Bitwise CEO Hunter Horsley.
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In a recent post on X (formerly Twitter), Horsley expressed his confidence in Bitcoin’s long-term value proposition.
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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…
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Over the past 30 days, Bitcoin has climbed by over 6%, pushing the market closer to a critical psychological level—$100,000.
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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…
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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…
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As more institutions enter the space, investors are also finding new ways to access liquidity without selling their Bitcoin.
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This trend could lead to even greater scarcity, as fewer coins are sold on public markets. “All of which will further propel the price.
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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…
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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.
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Behind the scenes, over-the-counter (OTC) trading desks—which handle large off-exchange trades for institutions—are reporting signs of supply constraints.
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This has been echoed by Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), a well-known Bitcoin advocate.
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“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…
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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.
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Horsley’s comments reflect growing confidence among crypto leaders that Bitcoin’s next price surge could trigger a new phase of market maturity.
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