Bitcoin price stagnant as long-term holders sell to institutions

According to an analyst, long-term holders’ selling pressure stunted Bitcoin’s growth, despite recent purchases by corporations and institutions. 

“People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” said Charles Edwards, founder of Capriole Investments, spoke on Sunday. 

He said that Bitcoin is the main reason for this.BTC) OGs — long-term holders — who have been “dumping on Wall Street” The following are some examples of how to get started: “unloading their positions” The spot Bitcoin exchange traded funds have been available since January 2024. 

Edwards published a chart that showed the Bitcoin growth rate. He noted the surge in the 6-month cohort, which represents the next wave. BTC treasury companies. 

“The amount of BTC acquired in the last two months by this cohort has completely consumed all of the BTC unloaded by LTHs over the last 1.5 years.”

Bitcoin Treasury Flywheel 

Edwards predicted the Bitcoin treasury firms would create “a huge flywheel buying frenzy” Push the ETF narrative to the side. 

“We have clearly entered the heat of that today, as many copy-cats have entered the market,” “He said”

Related: Few Bitcoin treasury companies will survive ‘death spiral’: VC Report

Last week alone, several new investors were announced. These included real estate giant Cardone CapitalAnthony Pompliano’s Venture Firm ProCapMineral exploration company. Panther Metals; and Norwegian deep-sea mining firm Green Minerals.

Profit taking on the short-term 

Jeff Mei is the chief operating officer of the BTSE cryptocurrency exchange. He told Cointelegraph, that traders in the near term are making profits ahead of the tariff deadline on July 9, as they expect the core issues will remain unresolved. 

“They’re hedging against a plunge in market prices in case trade talks go south,” He added that Bitcoin is being used by more companies listed on public markets to manage their Treasury operations. 

“While it’ll take time for them to accumulate enough Bitcoin, we expect the market to stabilize over the next year as more long-term holders enter the market.”

Han Xu told Cointelegraph Han Xu is the director of liquid funds investments at HashKey Capital. He said that traders and investors are looking forward to US macroeconomic data and policy updates this week.

“Updates on trade deals ahead of the reciprocal tariff deadline, along with the progress of Trump’s budget bill, are both key risks that need to clear before a continuation of the bullish trend resumes,” He said that he warned against any unexpected surprises “could trigger a sell-off.”

The sideways trade continues 

Since early May, when bitcoin prices broke through six-figures for the second consecutive year, they have remained largely in a range. Asset has fluctuated from $102,000 to $110,000, with some brief dips and spikes. 

In spite of this inactivity on the market, there are still some spots available. Bitcoin ETFs The United States has seen a total of $3.2 billion dollars inflows in the last fortnight without a single day where there was an outflow. In the meantime, new Bitcoin Treasury companies continue to be formed every week. 

BTC had gained 1.2% in the past day. It had reached its highest point for the last two weeks on Monday but failed to surpass it. 

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