Bitcoin Enters “No-Sell Zone” Above $130K–$150K, Says Bitwise CEO
Bitwise Asset Management CEO Hunter Horsley has made a bold forecast: once Bitcoin surpasses the $130,000–$150,000 range, selling pressure will all but disappear—potentially igniting a powerful and sustained price rally.
"Once Bitcoin breaks through $130K–$150K, I don’t think anyone will be selling," Horsley wrote on X on June 10.
At the current ~$100K level, long-term holders are still taking profits, but Horsley believes this activity will fade as BTC sets new all-time highs. Instead of selling, he expects holders to increasingly use their Bitcoin as collateral for loans, tapping into a growing ecosystem of crypto lenders to access liquidity without giving up their coins.
"People needing liquidity will borrow from an expanding pool of lenders," he added.
This shift, he argues, will lead to a tightening supply of BTC on the market—creating a scenario where demand outpaces availability, further driving prices higher.
Horsley envisions Bitcoin transitioning from a speculative asset to a core pillar of the financial system, where its primary role is as collateral, not currency. This would mark a fundamental change in market behavior, with long-term implications for BTC's valuation.
“There’s simply not going to be enough Bitcoin,” he emphasized.