Bitcoin Price Reaches New Highs, Saylor Links Slump to Short-Term Selling

Bitcoin’s price surged past the $103,000 mark, defying a brief dip below $100,000 earlier this week. According to MicroStrategy founder Michael Saylor, the asset’s potential for reaching $150,000 has been stalled by short-term holders who exited during recent price volatility. Saylor describes the current market shift as a “rotation” with short-term sellers stepping back and long-term investors entering through exchange-traded funds (ETFs).