Bitcoin has recently surpassed the significant milestone of $100,000, reinforcing its dominance in the crypto market.

Ki Young Ju, a crypto expert and founder of CryptoQuant, has advised investors against selling their Bitcoin prematurely, especially after it peaked at $103,900.

This crossing of the $100K threshold is viewed as a critical psychological milestone, raising concerns about potential market downturns due to profit-taking.

At its peak, Bitcoin reached $103,850 before settling at $102,622 at the time of reporting.

Data indicates sustained buying pressure from U.S. investors, reflecting a trend of institutional 'fear of missing out' (FOMO) in the market.

Institutional interest in Bitcoin is on the rise, with companies like Hut 8 planning to raise $500 million to acquire Bitcoin as a reserve asset.

Experts predict that Bitcoin could target prices between $138,000 and $150,000 in the short term, before experiencing potential corrections.

Some analysts foresee Bitcoin evolving into a mature store of value, with long-term predictions targeting as high as $500,000.

Ju emphasizes that Bitcoin's price discovery phase occurs approximately every four years, urging investors to maintain a long-term perspective during volatile market conditions.

He shared a personal regret about selling too early after Bitcoin first surpassed $10,000, illustrating how even seasoned traders can make impulsive decisions.

Ju warns that selling during this price discovery phase could be a mistake, as exiting the market too soon may hinder potential gains.

In related news, MicroStrategy has recently acquired 55,500 BTC for approximately $5.4 billion, increasing its total holdings to 386,700 BTC.