“We haven’t even begun to achieve the heights that is more likely to go.” Alex Thorn, head of firmwide analysis at Galaxy, stated in a market evaluation posted on X (previously Twitter) Thursday. He argued that the U.S. spot bitcoin ETFs are a “recreation changer,” offering regular – and just lately accelerating – demand for BTC. In the meantime, some 75% of bitcoin’s provide is owned by long-term holders, who’ve been unwilling to promote thus far at current value ranges.
