Key Takeaways:
- Bitwise CEO predicts Bitcoin selling will sharply decline once the price surpasses $130K due to reduced profit-taking by early holders.
- Current selling pressure stems from long-term holders capitalizing on $100K milestones, but this is expected to fade at higher price levels.
- Future liquidity needs may be met through borrowing instead of selling, potentially driving further Bitcoin price increases amid limited supply.
Bitwise CEO Hunter Horsley believes Bitcoin selling will sharply decline once the price surpasses the $130,000–$150,000 range.
In a post on X, Horsley said long-time holders are currently taking profits around $100,000, but this selling pressure will fade as Bitcoin breaks new price levels.
I think once Bitcoin breaks through eg $130-150k, no one is going to sell their Bitcoin.
— Hunter Horsley (@HHorsley) June 10, 2025
Right now at $100k, it seems individuals who hold a lot of Bitcoin that was bought a long time ago at very low prices, are selling some.
That said, once Bitcoin breaks new levels, this…
He expects that beyond $130K, most holders will prefer borrowing against their Bitcoin rather than selling it, further tightening supply.
At present, Bitcoin is trading around $108,698, just shy of its previous all-time high.
On-chain data also supports the idea that older wallets have been active as the price crossed $100K, indicating profit-taking by early adopters.
Looking forward, Horsley expects an expanding ecosystem of lenders will allow holders to access liquidity without selling, fueling continued price appreciation.
With a limited daily supply from miners and increasing demand, he argues there won’t be enough Bitcoin available to meet market needs.
His perspective echoes that of Michael Saylor, who emphasizes how constrained supply and modest capital inflows can create strong upward momentum in Bitcoin’s price.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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