BTC’s $100k Standoff: Will Corporate Buys Ignite Next Surge?

Bitcoin’s price Stall Explained by Institutional Shift

Bitcoin’s price has hovered around $100,000, puzzling many. Charles Edwards,founder of Capriole Investments,offers insight. He believes the price plateau is due to a shift in ownership.

Edwards explains that original Bitcoin holders, or “OGs,” are selling their coins. They’re cashing out as spot ETFs launched in January. These OGs are selling to new institutional buyers. This trade-off is causing the price to stagnate.

Edwards notes that while ETF inflows have been strong, much of that liquidity was met with heavy selling from early holders exiting at high prices. This supply pressure, he said, has contributed to the current stagnation in price.However, the entry of a new class of buyers suggests a breakthrough may be brewing.

Corporate Bitcoin bid to the rescue?

While long-term holders have been exiting, Edwards pointed to a new class of buyers stepping in as corporate treasury allocators. 

Recent months have seen several institutions and governments around the globe turn to bitcoin as a reserve asset, building strategic treasuries focused on long-term accumulation. The shift in investors is now driving what the Capriole Investments founder describes as a “flywheel” effect, a steady, conviction-driven buying that reinforces price support and attracts further institutional interest.

Supporting the trend, on-chain data shows that six-month-plus Bitcoin holders have risen sharply over the past two months. This group has been in a strong accumulation phase, absorbing more BTC than long-term holders sold over the past 18 months.

The consistent pace of accumulation suggests growing conviction among newer market participants. Historically, similar spikes in long-term holding have preceded upward price moves and should the trend continue, it could mark a bullish shift for Bitcoin.