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Bitwise CEO Foresees Investor Behavior Shift as Bitcoin Approaches $150K
Bitwise CEO Hunter Horsley anticipates a notable shift in Bitcoin investor behavior as the cryptocurrency moves beyond the $130,000 to $150,000 range. With Bitcoin currently trading near $100,000, many long-term holders are beginning to sell portions of their holdings. However, Horsley predicts that as Bitcoin sets new all-time highs, holders will be more inclined to borrow against their assets rather than sell, effectively reducing market supply and fueling further price increases.
Horsley envisions a scenario where rising demand collides with constrained sell-side pressure, creating strong upward momentum. This bullish outlook aligns with growing enthusiasm among retail investors amid Bitcoin’s recent recovery. Still, analysts caution that such heightened sentiment could signal a nearing market top.
Despite these concerns, long-term holders and crypto whales continue to accumulate, undeterred by market volatility. With daily profits approaching $930 million and uncertainty around the U.S. debt ceiling mounting, many see Bitcoin as a strategic hedge, betting on continued gains.
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