- Bitwise CEO Hunter Horsley believes Bitcoin selling will fade once it surpasses $130K, as holders turn to borrowing instead of selling.
- With tightening supply and rising demand, experts say Bitcoin’s price could see unstoppable upward momentum.
The $130K Threshold Could End Bitcoin Selling, Forever
According to Bitwise CEO Hunter Horsley, once Bitcoin cracks the $130,000–$150,000 range, the days of significant sell pressure could be over. In a recent post on X (formerly Twitter), Horsley predicted that long-term holders will no longer feel the urge to sell once Bitcoin enters this new price zone.
“I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Horsley stated confidently.
The bold prediction echoes the recent sentiments of Galaxy Digital founder Mike Novogratz, who believes this price range is within reach this year, thanks to rising institutional demand and capital inflows.
Also read: Crypto Crash Explained: Why Bitcoin and Altcoins Are Falling—and Signs of a Quick Rebound
Early Buyers Taking Profits — But Not for Long
Currently, Bitcoin is trading at around $108,698, just a few thousand shy of its all-time high of $111,970. Despite the momentum, some early Bitcoin adopters are taking profits, particularly those who bought when prices were much lower.
“Right now at $100k, it seems individuals who hold a lot of Bitcoin that was bought a long time ago at very low prices are selling some,” Horsley explained. However, he noted that this wave of selling is temporary. “Once Bitcoin breaks new levels, this will peter off.”
Glassnode, an on-chain analytics firm, recently supported this view by observing increased selling activity among older wallets after the $100,000 milestone.
The Future: Borrowing Over Selling
As prices rise, Horsley sees Bitcoin holders turning to lending options instead of liquidating their assets. With a growing number of platforms allowing Bitcoin-backed loans, the need to sell may vanish entirely.
“When people need liquidity, they are going to borrow from an ever-growing set of lenders,” said Horsley. “All of which will further propel the price… There’s simply not going to be enough Bitcoin.”
Bitcoin Supply Tightens as Demand Surges
Supporting Horsley’s claim, Michael Saylor of MicroStrategy recently highlighted that just 450 BTC are mined daily — worth around $50 million at current prices. If demand matches or exceeds this volume, the price will have no choice but to rise.
In short, the closer Bitcoin gets to $130K, the tighter the supply and the stronger the price momentum. As Horsley and others suggest, we may soon see a new era where “no one sells their BTC.”
