Bitcoin Long-Term Holders Nearing End of Sell-Off
- Long-term Bitcoin holders have sold about 70% of their holdings.
- Bitcoin could potentially rise over 66% from its current value.
- If MicroStrategy and Bitcoin ETFs invest $82 billion, BTC might reach $175,000 per coin.
- This investment could increase Bitcoin’s market cap by $1.34 trillion to $3.44 trillion.
- Bitcoin is trading at approximately $105,054 currently.
The analyst suggests that with reduced selling pressure and potential investments from MicroStrategy and ETFs, Bitcoin’s price could reach $175,000 if these entities invest a combined total of $82 billion. Currently, long-term holders have offloaded about 70% of their holdings.
Source (2.6)https://dailyhodl.com/2025/01/31/analyst-says-bitcoin-long-term-holders-are-70-done-offloading-the-crypto-asset-outlines-btc-path-to-175000/?rand=59076
