Why Bitcoin’s sell-off will slow down once BTC hits $130K-$150K: Bitwise CEO

• Bitcoin’s massive sell-off could abate as large players opt to borrow against the asset.
• Peter Brandt warned that BTC’s double top pattern could trigger a 75% dump to $27K. 

The ongoing profit-taking above $100K may reduce as Bitcoin [BTC] climbs higher. According to Bitwise CEO Hunter Horsley, holders will borrow against their BTC stash instead of selling when it surges above $150K. 

“I think once Bitcoin breaks through, eg, $130-150k, no one is going to sell their Bitcoin. And from there on, when people need liquidity, they are going to borrow from an ever-growing set of lenders.”

one of the largest wirehouses, JPMorgan Chase, has begun using crypto ETFs as collateral, further cementing Horsley’s claim. 

If the trend picks up, BTC could blast even higher, added Horsley.