Here when investors stop selling Bitcoin: Bitwise CEO

With Bitcoin pushed towards its highest new levels, the market participants speculate about what comes after that. Bitidence Hunter Horsley’s CEO was weighing recently, providing bold procedures in possible transformations in a pregnant woman’s behavior.

Exec believe that Bitcoin can enter a new stage of market behavior as soon as it exceeds $ 130,000 to $ 150,000.

Bitcoin holders to change tactics?

in tweet This week, Horsley indicated that although the cryptocurrency is currently hovering to about $ 100,000, their long -term holders who collected BTC at much lower prices are still selling parts of their property. However, he argued that this trend would reduce the outbreak of Bitcoin to new lands at all.

According to Horsley, at that point, instead of selling, holders of increasingly holders will choose borrowing against Bitcoin through an increasing number of lenders in space. He said that this shift will tighten the offer and pay prices up.

Horsley added, “Simply will be enough bitcoin,” which indicates a future scenario where the high demand and pressure from the sale side leads to the payment of upward momentum. His comments reflect the increasing market expectations that the following main collapse can represent a transition from distribution to accumulation.

The retail crowd turns into climb

Meanwhile, Bitcoin’s recovery raised an increase in the bullish feelings between retailers who were often absent during this session. This was an indication of the last update of Santiment, which found that positive comments related to bitcoin via social media now outweigh the negative signals by more than two to one, an unprecedented level of optimism since the Donald Trump elections more than seven months ago.

However, analysts warn that high greed and retail sale may indicate the top of the market. This fee and greed index supports 71.

Long -term holders continue to accumulate with daily profits approaching $ 930 million. The whales, for one, remained patient and expected higher prices. Analysts argue that Bitcoin’s fixed width can benefit from cash instability as American ceiling tensions rise.