Every time Bitcoin pushes to new highs, the same debate comes up
are we about to hit a wall, or is this just the beginning of something bigger?
Source: AI generated - by Chatgpt
I came across a take from Bitwise CEO Hunter Horsley this morning and it actually gave me something to think about. His view was that Investors might only really stop selling Bitcoin when the price breaks into the $130,000 to $150,000 zone.
I believe that he’s onto something and here's why
Right now, Bitcoin is over $100K and have been for some weeks now. Even with all the hype, plenty of holders especially those who got in early are still cashing out, bit by bit. And you can't blame them for taking profit. If you’ve been holding since $10K days you’re currently sitting on a mountain, and most people just aren’t built to watch life-changing money sit untouched.
But Horsley argues the real shift comes when Bitcoin goes into true price discovery at the 150K target. Instead of dumping coins on the market, people will start to use their Bitcoin as collateral, borrowing against it rather than selling. This is more than just a trading tactic, it will fundamentally change the game.
In this and every other market, psychology is what matters.
People talk a lot about price, but the real story is in sentiment. Santiment’s data shows retail traders are suddenly bullish, more positive posts than negative by more than two to one. That level of optimism hasn’t been seen since Trump got re-elected.
But that’s where caution comes in.
When greed goes up, the market tends to humble everybody. The Fear and Greed Index at 71 tells you there’s a lot of FOMO in the market. So while whales are still holding out for higher prices, I think it’s smart to recognize that real accumulation and patience are what make millionaires in this game.
If Horsley’s right, we could soon see a market where “there’s simply not enough Bitcoin.” I won’t claim to predict exactly when, but I know that every cycle, the rules change a little. And if you’re still selling every new high, maybe it’s time to think bigger.
Just my take, not financial advice.