The pressure of sales by long -term holders of the first cryptocurrency holds the rate near the level of $ 100,000. But the situation will change soon, said Capriole Investments Charles Edwards.
PEOPLE ARE WONDERING WHY BTC HAS Been Stuck at $ 100k So Long, Despite the Institute Fomo. Despite What X News Might Suggest, It’s Because Bitcoin Ogs (Long-Term Holders) Have Been Dumping on Wall STF LAUNURY 2024, Unloading TheIR POSITIONS.
In april … pic.twitter.com/0QYOIX2VQE
– Charles Edwards (@caprioleio) June 29, 2025
The proposal was completely absorbed by the rapidly growing group of companies that form the treasury in digital gold. According to Edwards, the dynamics of this trend will increase, since there are more and more “imitators” of Strategy.
Historically aggressive purchases by investors holding assets for more than six months, were a bull signal for bitcoin in the short term. The question is whether companies with treasures can maintain high rate of accumulation, the founder of Capriole noted.
Metaplanet supported the trend
The Japanese company Metaplanet, which is called the Asian Strategy, additionally purchased 1005 BTC for ~ $ 108.1 million. The average price per coin amounted to about $ 107,600.
With the 1350 BTC accumulated, the company reached fifth in size in the size of the bitcoin reserve among corporations.
Metaplanet also issued bonds with a zero interest rate in the amount of $ 208 million. The raised funds will go on, including for further purchase gold purchases.
The co-founder of Strategy hinted to increase the Bitcoin reserve by publishing a diagram of the corporate BTC portfle tractor. Traditionally, this precedes the official report of the company about the next acquisition of cryptocurrency.
Since August 2020, Strategy has accumulated 592,345 BTC and unconditionally leads the volume of bitcoin treasury among companies.
Alternative opinion
In the X-account, Sightbringer gave their explanation why massive purchases of the first cryptocurrency corporations over the past six months have not had a significant impact on the course.
In their opinion, a breakthrough of cryptocurrency is intentionally restrained by large players who accumulate bitcoins before the next stage of growth. Experts identified a number of features of the current situation:
- ETF flows are real. Sovereigns and institutions accumulate BTC;
- Exchange liquidity – fake. Most of the trading occurs on paper without real assets;
- Whales without publicly eliminate the old reserves. Early miners and OTC pits feed demand, avoiding price increase;
- BlackRock, Fidelity and other macrofort operators suppress volatility, since stability is important to them.
Cryptoquant predicted the growth of bitcoin to $ 160,000 after the asset accumulation phase by long -term investors.
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Source: Cryptocurrency
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