🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Why Has Bitcoin Got Stuck Around the 100,000 Dollar Band and Is Not Rising? Analyst Explained the Real Reason!
The CEO of the cryptocurrency analysis company Capriole Investments, Charles Edwards, made striking statements about the stagnation in Bitcoin prices and recent market dynamics.
According to Edwards, behind Bitcoin's stagnation at the $100,000 level, despite the interest of institutional investors and (FOMO), lies the selling pressure from long-term investors.
Edwards noted that since the launch of the spot ETF in January 2024, long-term Bitcoin holders have been selling to Wall Street and liquidating their positions, as indicated by (LTH – Long Term Holders). He expressed that this situation has been reflected in various ways in the media, arguing that the real reason is these sales.
The CEO, reminding of a forecast made in April, stated that companies holding Bitcoin reserves would create a "flywheel" effect, initiating a significant wave of purchases in the market and sidelining the ETF narrative. Edwards mentioned that this effect is now clearly visible and that many new companies have joined this trend.
Edwards, who analyzes on-chain data, stated that there has been a significant increase in the number of investors holding BTC for more than six months over the past two months, and that the purchases made by this group have more than compensated for all the BTC sold by LTHs in the last 1.5 years. He described this situation as "incredible."
Edwards also noted that after these types of aggressive increases, price consolidations usually occur, and this is a short-term bullish signal. However, pointing out that there is still some weakness in the overall on-chain data, Edwards stated that if this buying momentum continues, a recovery is possible:
"Can treasury companies maintain this rapid buying pace? I believe this cycle is still in its early stages. If long-term investors continue their aggressive buying for more than 6 months, the market may overcome this weakness."
*This is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!