Bitcoin (BTC) is expected to virtually eliminate selling pressure if it breaks through $130,000 (approximately 180.7 million won). On the 26th (local time), Hunter Horsley, CEO of cryptocurrency asset management firm Bitwise, stated on X that "if Bitcoin breaks through the $130,000-$150,000 (approximately 180.7-208.5 million won) range, no one will want to sell Bitcoin".
This optimistic view is based on two factors. First is institutional fund inflow, and second is the spread of digital asset demand. Galaxy Digital founder Mike Novogratz previously predicted achieving this price range within this year. He mentioned, "Institutional fund flow is strong, and demand for digital assets is increasing" and added, "There might be some information we don't know being reflected in the market".
Meanwhile, Bitcoin continues to hover near its all-time high. As of the 27th, Bitcoin's price is $108,698 (approximately 150.91 million won), which is about $3,272 (approximately 4.55 million won) lower than its all-time high of $111,970 (approximately 155.84 million won) recorded on May 22nd.
There are also analyses suggesting recent selling is being led by long-term holders. The interpretation is that as long-term investors realize profits, short-term supply pressure has increased. However, market participants are emphasizing that strong demand and attractive returns will again drive Bitcoin's price upward.
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