INSUBCONTINENT EXCLUSIVE:
Digital founder Mike Novogratz recently said the price range is possible this year, citing strong institutional flows and growing demand for
At the time of publication, Bitcoin is trading at $108,698, just $3,272 shy of its May 22 all-time high of $111,970, according to
CoinMarketCap data.Bitcoin is up 6.12% over the past 30 days
Source: CoinMarketCapHorsley said that current sell pressure mainly comes from early buyers who acquired Bitcoin at much lower prices and
However, Horsley said this will be short-lived
currently up around 215%, with an average purchase price of $34,414, according to crypto analytics platform Bitbo.Bitcoin short-term holders
are holding much smaller gains with the average purchase price of $97,911
Source: BitboWhile the profit margin is large now, Horsley said that Bitcoin holders who need money in the future will find other ways to
off-exchange trades, are showing signs of tightening supply.Related: Bitcoin price prepares for volatility as spot supply
On June 10, Saylor noted that approximately 450 Bitcoin are available for sale each day by Bitcoin miners, amounting to roughly $50 million
SOL tipped to hit $300 in 2025: Trade SecretsThis article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
