一旦比特币的下一个攀登可能会销售超过130,000美元

Bitwise首席执行官Hunter Horsley的评论称，一旦比特币的下一个攀登可能面临销量较小的销售。

Hunter Horsley, CEO of Bitwise, noted that most of the selling pressure seen lately is likely coming from people who bought Bitcoin at much lower prices long ago.

Bitwise的首席执行官Hunter Horsley指出，最近看到的大多数销售压力很可能来自很久以前以更低价格购买比特币的人。

According to on-chain analytics firm Glassnode, there was a “notable increase” in old-timer selling activity when BTC hit the $100,000 mark on May 8.

根据On-Chain Analytics公司GlassNode的数据，当BTC在5月8日达到100,000美元的成绩时，老式销售活动的“显着增加”。

Those gains are real – Bitcoin is currently trading at a 210% loss for coins that have been held for at least 150 days. It’s natural for people to take some profit when they’re in the green.

这些收益是真实的 - 比特币目前正在以210％的损失交易，这些硬币至少持有150天。人们在绿色时自然而然地获利是很自然的。

I think once Bitcoin breaks through eg $130-150k, no one is going to sell their Bitcoin.

我认为一旦比特币突破了130-150k美元，没有人会出售他们的比特币。

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.

目前，售价为10万美元，看来很久以前以非常低价购买的许多比特币的人正在卖出一些比特币。

That said, once Bitcoin breaks new levels, this…— Hunter Horsley (@HHorsley) June 10, 2025

也就是说，一旦比特币打破了新的水平，这个…… - 亨特·霍斯利（@hhorsley）2025年6月10日

According to data from crypto analytics platform Bitbo, the average long-term holder price is around $34,415.

根据Crypto Analytics Platform Bitbo的数据，平均长期持有人价格约为34,415美元。

At current prices, that’s roughly a 210% profit. Once Bitcoin hits the $130k-150,000 zone, Horsley says profit-taking will slow down. At that point, sellers would be giving up a 3x gain or more. Few will want to do that.

以目前的价格，这大约是210％的利润。一旦比特币达到了130k-150,000美元的130,000美元，霍斯利说，获利的利润将放缓。那时，卖方将放弃3倍或更多收益。很少有人愿意这样做。

He adds that there will be less selling pressure as Bitcoin climbs higher.

他补充说，随着比特币攀升更高，销售压力将较小。

According to Horsley, there’s also less need to sell now with the growth of on-chain borrowing and lending. Holders can use their coins as collateral to draw loans.

据Horsley称，随着链上借贷和贷款的增长，现在销售的需求也更少。持有人可以将硬币用作贷款的抵押品。

That leaves the supply of BTC on exchanges and over the counter desks even tighter, which helps to support higher prices.

这使BTC在交流和柜台桌子上的供应更加紧密，这有助于支持更高的价格。

Another factor is miner sales. Strategy’s Michael Saylor pointed out on June 10 that miners are moving about 450 BTC per day. At today’s rates, that’s roughly $50 million in sells each day.

另一个因素是矿工销售。策略的迈克尔·塞勒（Michael Saylor）在6月10日指出，矿工每天搬家约450 BTC。按照今天的价格，每天的售价约为5000万美元。

If that volume is fully bought up, then Saylor believes prices must move higher. With only 450 coins hitting the market each day, even modest demand can tip the scales.

如果该卷被完全购买，那么Saylor认为价格必须更高。每天只有450枚硬币在市场上投放市场，即使是适度的需求也可以使尺度上升。

The $130,000 price target has been discussed by market analysts, who point to strong flows from big institutions as a key factor in the 2024 price surge.

市场分析师已经讨论了130,000美元的目标目标，他们指出，大型机构的强劲流动是2024年价格上涨的关键因素。

As institutional demand meets a small and consistent supply, the math points toward further gains in the long term.

随着机构需求达到较小且一致的供应，数学从长远来看指出了进一步的收益。

However, it's worth noting that not all sellers will disappear at new all-time highs.

但是，值得注意的是，并非所有卖家都会在新的历史高潮中消失。

Newcomers who buy at a high price near a major milestone tend to take profits quickly to avoid potential losses. Moreover, loans against Bitcoin carry the risk of liquidation if prices drop significantly, which could lead to a large sell-off.

以高价购买的新移民倾向于迅速获得利润，以避免潜在的损失。此外，如果价格明显下跌，针对比特币的贷款会承担清算的风险，这可能会导致大量抛售。

Unforeseen macroeconomic moves or regulatory news could also spark unexpected swings in either direction.

不可预见的宏观经济动作或监管新闻也可能会朝任何方向引起意外的波动。