🟡Despite steady institutional demand and capital inflows via ETFs, Bitcoin has yet to break through the $100,000 mark. Charles Edwards, founder of Capriole Investments, attributes this to active rotation: long-term holders are selling their assets, passing them on to new players from Wall Street. This supply-side pressure, he notes, is holding back growth despite outwardly positive momentum.
🟡However, the market is gradually shifting under the control of strategic investors — companies and institutions building long-term crypto reserves. The rising number of holders owning BTC for over six months signals growing confidence and the formation of a solid foundation for a new bullish trend.