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

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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!

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