Bitwise CEO Predicts Bitcoin Holders Will Stop Selling Once Price Surpasses $130,000

Bitcoin, the world's largest cryptocurrency, might be gearing up for a major shift, not just in price, but in how people treat it.

As the cryptocurrency market continues to heat up, institutions are making a beeline for Bitcoin (BTC).

Now, Bitwise CEO Hunter Horsley predicts that most Bitcoin holders will stop selling once the price surpasses the $130,000 mark.

Institutions Like BlackRock Are Accumulating Bitcoin

Bitcoin, the world’s largest cryptocurrency, might be gearing up for a major shift, not just in price, but in how people treat it.

Recently, Bitwise CEO Hunter Horsley said that once bitcoin hits $130,000, BTC holders will start locking in for the long term.

Let’s see why he believes so!

Bitcoin Selling Dries Up Above $130K

In a recent tweet post, Bitwise CEO Hunter Horsley shared a key insight about Bitcoin’s future. He believes that once Bitcoin crosses into the $130K to $150K range, most holders won’t want to sell.

At the moment, Bitcoin is being valued at $104,016. Some older wallets — especially those holding since the early days are taking profits, which makes sense given the massive gains. But Horsleigh feels that this selling pressure could fade soon.

Once BTC breaks past its all-time highs, more holders may start seeing it as long-term wealth.

BTC Is Leaving Exchanges

On-chain data suggest that a growing number of Bitcoins are being withdrawn from exchanges and moved into cold storage. Since early 2025, exchange balances have dropped 14%, now just 2.5 million BTC, the lowest since August 2022.

However, institutions like BlackRock (NYSE:BLK), Fidelity, MicroStrategy (NASDAQ:MSTR), and Metaplanet are known to be accumulating billions in Bitcoin. These entities aren’t short-term traders. They’re thinking in years, not months.

Institutions Are Borrowing BTC

As Bitcoin’s value grows, so does the number of lending platforms offering BTC-backed loans.

According to Bitbo, long-term holders (those holding for over 155 days) are up around 215%, with an average buy price of $34,414.

Horsleigh also noted that instead of selling, these holders might borrow against their Bitcoin, keeping their assets while still unlocking value. That means even less Bitcoin will be available for buyers.