The outlook for Bitcoin’s growth is increasingly optimistic, especially with predictions suggesting that breaking past the $130,000 mark could significantly alter the selling dynamics in the market. Insights from industry leaders, such as Hunter Horsley, emphasize this potential shift.
Bitcoin has shown remarkable resilience and recently hovered close to its all-time high of $111,975. Currently priced at $107,880, it sits just below this significant threshold. While early investors have been realizing some profits, this behavior may evolve if the cryptocurrency ventures into unprecedented levels.
Market Behavior at Key Price Points
Horsley emphasizes that much of the current selling activity can be attributed to long-term holders who initially purchased Bitcoin at considerably lower prices. Notably, the $100,000 price point is seen as a crucial psychological barrier in the market.
When Bitcoin approached this level on May 8, analysts from Glassnode reported a marked increase in selling from older holders. The asset’s ascent, which has reached approximately 210% for coins held over 150 days, naturally incentivizes some investors to realize their gains.
Once Bitcoin hits the range of $130,000 to $150,000, I believe a significant number of holders will choose not to sell.
Currently, as it hovers around the $100,000 mark, those who purchased Bitcoin at significantly lower prices are beginning to cash in their profits.
However, I believe…
— Hunter Horsley (@HHorsley) June 10, 2025
Tremendous Returns for Long-Term Investors
According to data from crypto analytics platform Bitbo, the average long-term holder invested around $34,415 per Bitcoin, translating to a substantial 210% profit at current market rates.
Once Bitcoin reaches the $130,000 to $150,000 range, Horsley posits that profit-taking will likely diminish. At this stage, sellers would be contemplating returns of 300% or more, which many would hesitate to relinquish.
The Evolution of Gains: Borrowing Options
Horsley highlights a transformative trend allowing holders to access their gains without directly selling. The proliferation of on-chain borrowing and lending provides Bitcoin holders the opportunity to use their assets as collateral for loans.
This method enables investors to obtain liquidity while retaining ownership of their Bitcoin, thus constricting the available supply on exchanges and fostering an environment conducive to rising prices.
Miner Sales: Another Variable in the Equation
Miner activity also plays a crucial role in determining supply dynamics. Strategy expert Michael Saylor noted that miners currently transfer around 450 BTC daily, amounting to approximately $50 million in daily sales.
Assuming this volume attracts sufficient buyers, Saylor contends that the price must inevitably rise. With only 450 coins entering the market each day, even a slight uptick in demand may exert upward pressure on prices.
Market analysts concur that reaching $130,000 is feasible, buoyed by robust institutional demand this year. A convergence of significant inflows from major institutions and diminishing daily supply supports the argument for potential new highs.
However, it’s essential to recognize that not all investors may retain their assets at new peaks. New buyers entering the market near critical milestones can be quick to capitalize on price spikes. Furthermore, loans secured against Bitcoin introduce risks; should prices decline, it may lead to forced selling.
Additionally, geopolitical factors and regulatory developments could induce volatility, affecting market direction.
Featured image from Pexels, chart from TradingView
