Gate News bot, Bitwise CEO Hunter Horsley said that once Bitcoin breaks through the $130,000 mark, the selling pressure will disappear. "I don't think anyone will sell their bitcoin once it breaks $130,000 to $150,000," Horsley said in an X post on Wednesday. "Galaxy Digital founder Mike Novogratz recently said that the Bitcoin price range could reach this level this year, citing strong institutional flows and growing demand for digital assets. According to Horsley, the current selling pressure is mainly from early buyers, who bought bitcoin well below the market price and are now choosing to take profits near the psychologically important level of around $100,000. However, he believes that this situation will not last long, and "the momentum will gradually wane once Bitcoin breaks through new levels." ”