Bitcoin's price is currently around $103,315, after recovering from a brief drop below $100,000. Despite its upward momentum toward $150,000, Michael Saylor, founder of MicroStrategy, believes the price stall is due to short-term holders exiting amidst the price fluctuations.

Discussing the market dynamics on the Coin Stories podcast, Saylor referred to this phenomenon as a "rotation," highlighting the influence of short-term market participants on Bitcoin's trajectory.