Bitwise CEO Hunter Horsley suggests Bitcoin holders may significantly reduce selling activity as prices approach the $130,000 to $150,000 range. This behavioral shift stems from tightening supply conditions and accelerating institutional demand.
Horsley indicates that breaching key price thresholds would prompt holders to seek liquidity solutions preserving ownership rather than outright asset sales. This outlook aligns with current market trends showing declining Bitcoin reserves across exchanges and strengthening institutional accumulation patterns.
Recent data reveals a substantial contraction in Bitcoin supply available on trading platforms, reflecting growing investor confidence in long-term holding strategies. U.S.-listed Bitcoin exchange-traded funds (ETFs) now hold approximately 6% of Bitcoin’s total supply, highlighting institutional investors’ expanding influence on market structure.
The combination of shrinking exchange reserves and institutional participation reinforces expectations of reduced selling pressure at higher valuation levels. This supply-demand dynamic could fundamentally reshape Bitcoin’s market behavior as prices approach unprecedented territory.