Forecast BTC price surpassing 100,000 USD: Experts predict that Bitcoin price could exceed the 100,000 USD mark by the end of 2024. The betting platform Kalshi shows up to an 85% chance the BTC price will reach 100,000 USD on December 31. This is an exciting prospect for investors as the market gradually recognizes Bitcoin’s significant price rise potential, especially as selling pressure increases from long-term holders.

Movements from investment market: Despite the favorable outlook, analysts warn the market may adjust due to pressure from long-term holders. Capital from institutional investors is competing with long-term holders, increasing selling pressure. Bitcoin ETFs have been crucial in absorbing over 90% of this pressure, according to On-chain Glassnode analysis company.

Role of Bitcoin ETFs: Notably, Bitcoin ETFs have recorded the most impressive weekly inflow in the US since inception. With total assets under management now exceeding 100 billion USD, these funds have played a significant role in sustaining purchase pressure, absorbing most of the supply from long-term holders, paving the way for Bitcoin’s potential growth.