Jocy, the founding partner of IOSG, predicts that the crypto market will experience three selling waves in 2025, with long-term investors expected to sell approximately 1.4 million BTC. The market will go through multiple waves of continuous distribution, with BTC fluctuating in the range of $87,000 to $95,000 in the short term, and a long-term target of $120,000 to $150,000.