This is the time when investors will stop selling Bitcoin: CEO of Bitwise

With Bitcoin reaching new highs, market participants are speculating about what will happen next. Bitwise CEO Hunter Horsley has recently considered and presented a bold perspective on potential changes in holder behavior. The CEO believes that Bitcoin could enter a new market behavior phase when it surpasses the range of 130,000 to 150,000 dollars. Will Bitcoin Holders Change Their Strategy? In a tweet posted this week, Horsley noted that while cryptocurrency is currently hovering around $100,000, long-term BTC holders who accumulated at much lower price levels are still selling a portion of their holdings. However, he argues that this trend will ease as Bitcoin hits a new all-time high. According to Horsley, at that time, instead of selling, holders would increasingly choose to borrow against their Bitcoin through a growing number of lenders in the space. He stated that this shift would tighten supply and push prices even higher. "Simply put, there won't be enough Bitcoin," Horsley added, hinting at a future scenario where rising demand and limited selling pressure drive the rally. His comments reflect the market's growing expectation that the next major breakout could mark the shift from distribution to accumulation. Retail Crowd Shifts to Optimism Meanwhile, Bitcoin's recovery has triggered a wave of optimistic sentiment among retail investors, who are mostly absent from this cycle. This was pointed out in Santiment's recent update, which found that positive comments regarding Bitcoin on social media now far outweigh negative mentions by a ratio of more than two:one, a level of optimism not seen since Donald Trump's election more than seven months ago. However, analysts warn that increasing greed and retail enthusiasm may signal a market top. The Fear and Greed Index supports this with a score of 71. Long-term holders continue to accumulate while also earning daily profits of nearly 930 million dollars. Whales, for example, remain patient and are waiting for higher prices. Analysts suggest that the fixed supply of Bitcoin could benefit from currency instability as tensions around the U.S. debt ceiling increase.