The pressures of a long -term holder have stopped the growth of the bitcoin price, despite the recent moves of institutions and companies to buy the original, according to an analyst.
“People wonder about Bitcoin stuck at $ 100,000, despite FOMO Institutional”, ” He said Founder of Caprioile Investments Charles Edwards on Sunday.
He added that this is largely due to Bitcoin (BTCOGS- Long-term holders-who were “in Wall Street” and “emptying their positions” since the instant bitcoin exchange boxes launched in January 2024.
Edwards shared a scheme to explain the growth rates Treasury companies BTC.
“The amount of BTC has been consumed in the last two months by this entire regiment all of the BTC that has been emptied by LTHS over the past 1.5 years.”
Bitcoin Treasury Budget
Edwards predicted that the Bitcoin Treasury companies will create a “large wing to buy a budget wheel” and pushes ETF to the back seat.
He said: “We have clearly entered the heat of that day, as many momentum entered the market.”
Related to: Few of the treasury companies in Bitcoin Stango from the “Vortea of Death”: VC report
Many new companies’ investors appeared only last week, including the real estate giant Cardone Capital; Adventure Company in Anthony Box BrookapThat plans for the public brand; Metal Exploration Company Tiger minerals; And the Norwegian Mining Company in the depths of the green seas.
Take profit in the short term
“In the short term, traders get a profit before the date of the tariff on July 9, and many expect the basic issues to remain unlawful.
He said: “They are united against diving in market prices in the event of commercial talks south,” adding that more companies listed in the public list add bitcoin to their treasury operations.
“Although it will take some time to accumulate enough bitcoin, we expect the market to settle next year with more long -term holders entering the market.”
Meanwhile, Han Show, director of liquid fund investment at Hashkey Capital, told Cointelegraph that investors and merchants were waiting for macroeconomic data reports and upcoming policy updates this week.
“The updates about commercial deals before the deadline for the mutual tariff, in addition to the progress of the Trump budget bill, are the main risks that need to be clarified before the resumption of the upward trend”, with a warning that any surprises may “can lead to a sale.”
Side trading continues
Bitcoin prices were largely linked because they broke more than six numbers for the second time this year in early May. The original fluctuation is between $ 102,000 and $ 110,000 with two nails and short declines outside this range.
Although this market is not active, the spot Bitcoin etfs In the United States, more than $ 3.2 billion flowers have seen an external day in the past two weeks. Meanwhile, the number of new treasury companies in Bitcoin continues to increase weekly.
BTC was 1.2 % trading a day and took advantage of resistance at $ 108,750 on Monday, its highest level for two weeks, but it failed to break it at the time of writing this report.
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