Bitcoin next climb can face less sales when it sails over $ 130,000, according to comments from Hunter Horsley, CEO of Bitwise.
Bitcoin spent much of this week floating near its May 22 all the time at $ 111,975. At $ 107,880, it’s only $ 3,275 below that top. Early buyers have taken some winnings, but that trend can fade if the coin breaks into truly new territory.
Profit takes about 100,000 levels
According to Horsley, most of the ones sold recently from holders who bought Bitcoin long ago at low prices. He points to the $ 100,000 mark as a key threshold.
When BTC hit that level on May 8, the analyst company Glassnode flagged on the chain a “remarkable increase” of the sale of old timer. These winnings are real – Bitcoin has about 210% for coins held at least 150 days. It is natural for people to get some profit when they are in the green.
I think that when Bitcoin breaks through eg. $ 130-150k, no one will sell their bitcoin.
Right now at $ 100,000, it seems that individuals who have a lot of bitcoin who were bought long ago at very low prices sell some.
That said, when Bitcoin breaks new levels, this …
– Hunter Horsley (@hhorsley) June 10, 2025
High profits for long -term holders
Based on reports from the Crypto Analytics platform Bitbo, the average long-term holder paid approximately $ 34,415 per bitcoin. Right now it is a hefty 210% profit at current prices.
When Bitcoin climbs into the zone of $ 130,000-15,000, Horsley says, profitable will slow down. At that time, sellers would weigh a profit of 300% or more. Few will want to give back such returns.
Borrow as an option
Horsley also notes a change in how people can use their profits without selling. The growth of loans and lending on the chain means that holders can use bitcoin as collateral.
Instead of paying, they can draw loans against their coins. It leaves the range of BTC on exchanges and over the counter tighter, which helps to support higher prices.
Mining supply remains low
Another factor is mining sales. On June 10, the Michael Saylor pointed out that miners move about 450 BTC per day. At today’s prices, there are about $ 50 million in selling every day.
If that volume is completely purchased, Saylor believes that prices must move higher. With only 450 coins that hit the market every day, even modest demand can tip the wave.
Market analysts support the idea that $ 130,000 is within reach. They quote strong flows from large institutions as a boost at prices this year. Institutional demand faces declining daily supply and mathematics points to fresh heights.
Still, not everyone stops selling on new peaks. LateComers who buy near large milestones may be prone to take winnings quickly. And loans against Bitcoin are at risk if prices fall, leading to forced sales.
Macroeconomic traits or regulatory news can also lead to swings in either direction.
Image from Pexels, Chart from TradingView
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