PANews
PANews|Sep 02, 2025 06:30
**[David Bailey: Bitcoin price may only rise to $150,000 after two major whales complete their sell-offs]** David Bailey, CEO of Bitcoin holding company Nakamoto, stated that Bitcoin's price could only climb to $150,000 after two major Bitcoin whales complete their sell-offs. On Tuesday, Bailey posted on the X platform: "The reason Bitcoin hasn't reached $150,000 yet is because of these two whales. Once they finish selling (one has already sold more than half, and the other is in the process)... the price will only continue to rise." Recently, several large whale transactions have caused turbulence in the Bitcoin market. On August 24, a Bitcoin whale sold 24,000 BTC (approximately $2.7 billion), triggering a flash crash in the Bitcoin market. According to QCP analysis, this crash led to the liquidation of approximately $500 million in leveraged positions within minutes. A few days earlier, on August 21, a whale that had held Bitcoin for over five years began transferring funds to Ethereum and sold $4 billion worth of Bitcoin through the decentralized exchange Hyperliquid. The cryptocurrency market's sentiment has become increasingly volatile. On Saturday, the Crypto Fear & Greed Index dropped to the "Fear" range. Although it rebounded to a "Neutral" level of 49 on Tuesday, it had previously fluctuated between "Fear" and "Neutral."
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads