One of the Most-Followed Anonymous Analysts Announced He’s Back on Bitcoin—and Set a Price Target

Pentoshi, a closely followed anonymous analyst in the cryptocurrency market, shared a noteworthy assessment following the recent rise in Bitcoin. The analyst, particularly focusing on developments in institutional demand, provided important signals regarding the market’s supply and demand balance.

Pentoshi, drawing attention to MicroStrategy’s Bitcoin purchases, stated that the company has reached a total of 818,334 $BTC to date and aims for 1 million $BTC by the end of the year. The analyst noted that the average daily purchase is approximately 730 $BTC, while the amount of Bitcoin produced daily remains around 450 $BTC during the same period. Pentoshi explained that this means a single institutional company has purchased approximately 1.6 times the supply entering the market, adding, “More than twice the amount of Bitcoin produced during this process has been collected by a single buyer.”

According to the analyst, this imbalance is a critical factor that could create upward pressure on the price in the long term. Pentoshi stated that he has limited his Bitcoin transactions in the past year and focused more on stocks, adding that he previously traded in the $68,000–$76,000 and $85,000–$92,000 ranges.

However, the analyst, stating that he has updated his view on the current market structure, said that if Bitcoin surpasses the mid-$80,000 level and maintains its position above this region, new highs become quite likely. Accordingly, he stated that he has resumed buying and plans to hold his positions in the medium to long term.

Pentoshi also argued that the impact of additional demand from spot Bitcoin ETFs on the market could be “disproportionately large.” According to the analyst, increased institutional inflows in particular could further tighten an already tight supply, accelerating price movements.

In his probability-based assessment, the analyst predicted that Bitcoin may have passed its bottom and that the price could rise to $180,000 this year or next. According to Pentoshi, maintaining the mid-$80,000 range in the short term is a critical threshold for confirming this scenario.

*This is not investment advice.