PANews September 2 news, Bitcoin holding company Nakamoto CEO David Bailey stated that Bitcoin prices may only rise to $150,000 after the two major Bitcoin Whales complete their dumping. Bailey posted on the X platform on Tuesday: "The reason Bitcoin hasn't risen to $150,000 yet is because of these two Whales. When they finish selling (one has already sold over half, the other is in the process)."
Recently, multiple Whale transactions have triggered turbulence in the Bitcoin market. On August 24, a certain Bitcoin Whale sold 24,000 BTC (approximately $2.7 billion), leading to a flash crash in the Bitcoin market. According to QCP analysis, this crash resulted in about $500 million of leveraged positions being liquidated within minutes. A few days earlier, on August 21, a Whale holding Bitcoin for over five years began transferring funds into Ethereum, selling $4 billion worth of Bitcoin through the decentralized exchange Hyperliquid. The sentiment in the cryptocurrency market has intensified, with the cryptocurrency Fear and Greed Index dropping to the "Fear" range on Saturday. On Tuesday, it rebounded to a "Neutral" level of 49, but had previously oscillated between "Fear" and "Neutral."
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David Bailey: The Bitcoin price may only rise to $150,000 after the two major Whales complete their dumping.
PANews September 2 news, Bitcoin holding company Nakamoto CEO David Bailey stated that Bitcoin prices may only rise to $150,000 after the two major Bitcoin Whales complete their dumping. Bailey posted on the X platform on Tuesday: "The reason Bitcoin hasn't risen to $150,000 yet is because of these two Whales. When they finish selling (one has already sold over half, the other is in the process)." Recently, multiple Whale transactions have triggered turbulence in the Bitcoin market. On August 24, a certain Bitcoin Whale sold 24,000 BTC (approximately $2.7 billion), leading to a flash crash in the Bitcoin market. According to QCP analysis, this crash resulted in about $500 million of leveraged positions being liquidated within minutes. A few days earlier, on August 21, a Whale holding Bitcoin for over five years began transferring funds into Ethereum, selling $4 billion worth of Bitcoin through the decentralized exchange Hyperliquid. The sentiment in the cryptocurrency market has intensified, with the cryptocurrency Fear and Greed Index dropping to the "Fear" range on Saturday. On Tuesday, it rebounded to a "Neutral" level of 49, but had previously oscillated between "Fear" and "Neutral."