BTC holds $ 100,000 in sales star-news.press/wp

Despite the strong institutional demand and fixed flows, Bitcoin has failed to exceed $ 100,000 in recent weeks, which raised questions about what leads to procrastination.

Weighs BTC (BTC), founder of Capriole Investments Charles Edwards He said The side work reflects a major rotation between long -term holders and new institutional buyers.

According to Edwards, many long -term Bitcoin holders, “OGS”, have unloaded their positions since the launch of the ETFS in January, where they threw large parts of their property on the Wall Street buyer.

Edwards wrote on June 29 x Post: “People are wondering about a bitcoin stuck at $ 100,000 for a long time,” Edwards wrote on June 29 x Post. “That is because Bitcoin Ogs has been abandoning Wall Street since the launch of ETF.”

Edwards noted that although ETF flows were strong, many of these liquidity were met with a heavy sale of first -ranked bearers at high prices. He said that this offer contributed to the current recession in the price.

However, the entry of a new class of buyers indicates that a penetration may be a fermentation.

Bitcoin Bid Rescue?

While the long -term holders were going out, Edwards referred to a new class of buyers who interfere in the tank allocations for companies.

The last months have witnessed many institutions and governments all over the world that turn into Bitcoin as a reserve asset, as strategic treasury bonds focus on the long -term accumulation. The shift in investors now leads what is described by the founder of Caprioile Investments as the “budget wheel” effect, which is a constant purchase based in condemnation that enhances price support and attracts more institutional interest.

Trend support, data on the series shows that bitcoin holders for six months have risen sharply over the past two months. This group has been in a strong accumulation stage, as BTC absorbs more than its owners in the long term that has been sold over the past 18 months.

A fixed pace of accumulation indicates the increasing condemnation between the new participants in the market. Historically, the similar nails in the long -term reservation have preceded the movements of upward prices and if the direction continues, this may be a bullish shift for Bitcoin.