Despite Bitcoin's price rising 6.68% this week, currently trading at $74,201, this increase has triggered the largest sell-off of short-term holders this year. On-chain data shows that a significant capital flow occurred when Bitcoin's price reached $75,000, raising a question all Bitcoin holders should consider: short-term holders do not seem to be steadfast believers.
Data indicates that approximately 48,000 Bitcoins (worth about $3.5 billion) were transferred, not for holding, but for sale. However, renowned analyst Michaël van de Poppe (founder and CIO of MN Capital) is not worried about this consolidation. He believes that after Bitcoin's recent strong monthly rise, the current sideways movement is not a warning signal but rather a support structure being built for future increases. He even stated that given the current on-chain data performance, he would not be surprised if the price fails to retest the lows.
From a broader perspective, this change is crucial. Those short-term holders who chose to sell at the $75,000 level may be exiting just before the market is about to turn. Despite facing significant selling pressure, Bitcoin still achieved a 6.68% increase this week. This indicates that, in the current market environment, demand may be starting to outweigh panic.
Looking ahead, Bitcoin's price predictions show significant divergence. For 2026, the general forecast places its price between $120,000 and $170,000, with the potential to exceed $200,000 in a strong bull market scenario. As for 2030, analysts set its price range between $380,000 and $900,000, driven primarily by Bitcoin's scarcity, increased long-term adoption rates, and continued participation from institutional investors. Many long-term forecasts even suggest that if Bitcoin can successfully establish itself as a global store of value, its price could exceed $1 million by 2050. Bitcoin's fixed supply makes it an ideal asset for hedging against inflation, especially in the context of currency devaluation and increasing long-term economic uncertainty.