Bitwise CEO: Once Bitcoin reaches $130,000, the sell pressure will disappear.

2025-06-12 03:49:51

Gate News bot news, Bitwise CEO Hunter Horsley stated that once Bitcoin breaks the $130,000 barrier, the selling pressure will disappear.

Horsley said in a post on X on Wednesday: "I believe that once Bitcoin breaks through $130,000 to $150,000, no one will sell their Bitcoin."

Mike Novogratz, the founder of Galaxy Digital, recently stated that this year's Bitcoin price range could reach this level, citing strong institutional fund flows and a growing demand for digital assets.

Horsley stated that the current selling pressure mainly comes from early buyers who purchased Bitcoin at prices well below the market price and are now choosing to take profits near the important psychological price level of around $100,000.

However, he believes that this situation will not last long, "once Bitcoin breaks through new levels, this momentum will gradually weaken."

Source: Cointelegraph

BTC-0.11%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
3
Share

Comment

0/400

Mr.Shuijin

· 06-12 04:42

All the dumb buyers currently dumping Bitcoin are the future high-position catch a falling knife, either playing people for suckers or being played, that's the crypto world!

View OriginalReply0

AndiZ250

· 06-12 04:03

HODL Tight 💪

Reply0

Flying_BTC

· 06-12 03:57

this I agreed (-;

Reply0

Topic
1/3
1ate ETH 10th Anniversary Investment Zone
10k Popularity
2Simple Earn APY Breaks 24%
60k Popularity
3Major Power Trade Talks
13k Popularity
4Fed Rate Decision
20k Popularity
5Public Company Crypto Reserves
2k Popularity

sitemap