Long-term Bitcoin holders have been selling their assets to institutions since the launch of spot Bitcoin exchange-traded funds (ETFs), resulting in stagnant prices. Analyst Charles Edwards noted that this selling pressure from long-term holders (OGs) is the reason Bitcoin has remained around the $100,000 mark despite increased institutional interest. The six-month holder cohort is now absorbing the supply being offloaded by long-term holders, leading to predictions of a future buying frenzy among Bitcoin treasury companies. Meanwhile, there's short-term profit-taking occurring ahead of a tariff deadline, and expectancies are that corporate investment in Bitcoin will grow. Additionally, investors are awaiting important US macroeconomic reports which may influence Bitcoin's trading activity. Currently, Bitcoin has been trading within a range of $102,000 to $110,000, maintaining activity without significant movement above these figures.

Source đź”—