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The scenario to reach $125k: The effect of the Halving is not always immediate, but it is inevitable. If ETF demand explodes (point 1) at the precise moment when miners have less to sell, and long-term holders (the "HODLers") refuse to sell their coins below $100k, a sell-side liquidity crisis (sell-side liquidity crisis) is created. There simply aren't enough Bitcoins left to sell on OTC markets (OTC) and on exchanges, forcing the price to rise vertically to find sellers.#DecemberMarketOutlook $BTC