Bitcoin Shrugs Off OG Selling as Long-Term Outlook Stays Bullish

[johnblockbuster]

Despite the sell-side pressure from long-dormant holders, Bitcoin’s market structure has remained resilient. Large legacy transfers have been absorbed without triggering major breakdowns, signaling that liquidity is now deep enough to handle exits by early miners and long-term holders.

At the same time, long-range forecasts remain optimistic. Asset manager VanEck recently projected a potential Bitcoin valuation of $2.9 million per coin by 2050, arguing that growing adoption as a global settlement asset could outweigh periodic selling from early participants.

[madmax]

early miners finally cashing out and price not collapsing feels kinda bullish