Bitcoin (BTC) Price Alert: Why Crypto Veterans Are Dumping on Wall Street’s ’Smart Money’ in 2025
Wall Street's latest Bitcoin FOMO just met cold, hard reality—and the OGs are cashing out.
Here's why the old guard is selling into institutional hype.
### The Great Whale Exodus
BTC's 2025 rally hit a wall as early adopters dumped bags on hedge funds chasing the 'digital gold' narrative. The irony? These are the same suits who laughed at crypto back when it was cheap.
### Liquidity Games
Market makers are playing ping-pong with support levels, but chain analytics show veteran wallets moving coins to exchanges at a 3:1 ratio vs. accumulation. That 'institutional adoption' story? It's looking more like a handoff.
### The Cynic's Take
Nothing warms a crypto anarchist's heart like watching Goldman Sachs clients buy the top after a 200% run. Some things never change—least of all Wall Street's timing.
TLDR
- Bitcoin climbed back above $108,000 but struggles to break its $111,800 record high
- Crypto analyst Doctor Profit predicts potential surge to $120,000-$150,000 range in coming months
- Long-term Bitcoin holders have been selling to institutions since ETF launch, creating price pressure
- Corporate treasury buying continues with several new companies entering Bitcoin market
- Short-term traders taking profits ahead of July 9 tariff deadline uncertainty
Bitcoin has returned above the $108,000 level but continues to face resistance at its all-time high of $111,800. The cryptocurrency has been trading in a range-bound pattern for months despite growing institutional interest.
Crypto analyst Doctor Profit has outlined two potential scenarios for Bitcoin’s near-term price action. The first involves a direct breakout from current levels that could push Bitcoin past $113,000 resistance.
The second scenario, which the analyst considers more likely, involves a potential pullback to the $90,000-$93,000 range. Doctor Profit views this as a healthy correction rather than a bearish development.
“We’re standing in front of a breakout, one that has the potential to send bitcoin into the $120,000–$150,000 zone over the next few months,” Doctor Profit stated on social media platform X.
#Bitcoin – What’s Next?
The Big Sunday Report: Everything You Need to Know
🚩 TA / LCA / Psychological Breakdown: We're standing in front of a breakout, one that has the potential to send Bitcoin into the $120,000–$150,000 zone over the next few months. I have been saying this… pic.twitter.com/ZbicUXcGcq
— Doctor Profit 🇨🇭 (@DrProfitCrypto) June 29, 2025
The analyst’s bullish outlook is based on strong on-chain activity, technical structures, and macroeconomic factors. Bitcoin has been trading within its current range for 226 days, similar to previous accumulation phases before major breakouts.
Long-Term Holders Creating Selling Pressure
Capriole Investments founder Charles Edwards explained why Bitcoin has remained stuck around $100,000 despite institutional demand. Long-term Bitcoin holders have been selling their positions to Wall Street since spot ETFs launched in January 2024.
“People are wondering why Bitcoin has been stuck at $100K so long, despite the institutional FOMO,” Edwards said. He described this as Bitcoin veterans “dumping on Wall Street” and unloading positions.
People are wondering why BTC has been stuck at $100K so long, despite the institutional FOMO. Despite what X news might suggest, it's because Bitcoin OGs (long-term holders) have been dumping on Wall St since the ETF Launch in January 2024, unloading their positions.
In April… pic.twitter.com/0qYOiX2vqE
— Charles Edwards (@caprioleio) June 29, 2025
The selling pressure from long-term holders has offset much of the institutional buying. However, Edwards noted that six-month holders have absorbed the supply from long-term sellers.
Data shows the amount of Bitcoin acquired by new holders in recent months has consumed all Bitcoin sold by long-term holders over the past 1.5 years. This shift represents the new wave of corporate treasury companies entering the market.
Corporate Treasury Trend Accelerates
Several new corporate investors entered the Bitcoin market last week. Real estate company Cardone Capital, venture firm ProCap, mineral exploration company Panther Metals, and Norwegian mining firm Green Minerals all announced Bitcoin treasury strategies.
Edwards predicted these corporate buyers WOULD create “a huge flywheel buying frenzy” that could overshadow ETF flows. The corporate treasury trend continues to gain momentum with new companies announcing Bitcoin purchases weekly.
Jeff Mei from BTSE crypto exchange noted that short-term traders are taking profits ahead of the July 9 tariff deadline. Many expect market volatility if trade negotiations face challenges.
“They’re hedging against a plunge in market prices in case trade talks go south,” Mei explained. Despite short-term caution, he expects more publicly listed companies to add Bitcoin to their treasuries.
Han Xu from HashKey Capital said investors are waiting for US macroeconomic data and policy updates this week. Trade deal progress and Trump’s budget bill status are key factors that could impact Bitcoin’s direction.
Bitcoin prices have traded between $102,000 and $110,000 for most of this period with occasional spikes outside this range. The cryptocurrency reached $108,750 on Monday, its highest level in two weeks, but failed to break above resistance.
Spot Bitcoin ETFs in the United States have seen over $3.2 billion in inflows over the past two weeks without a single outflow day. This continued institutional demand contrasts with the range-bound price action.
