Two Whales Are Stopping Bitcoin From Rising to $150,000
CEO Bitcoin-Nakamoto treasury David Bailey believes that just two nasty whales are preventing the BTC rate from rising to $150,000.
The only reason Bitcoin isn’t at $150,000 right now is because of two massive whales. Once they’re taken out (one has already been liquidated, and the other is floating on its last legs), the price of the coin will only go up, Bailey wrote.
David Bailey
Apparently, David is talking about the rich people who sold $4 billion and $2,7 billion worth of bitcoin on August 21 and 24. According to Bailey, they still have about 80,000 and 120,000 BTC on their balance sheets, worth a total of $22 billion at the current rate, so the rich people’s ability to dump the price of the cryptocurrency is far from exhausted.
Bitcoin- maximalist Sani, who created the Timechain Index platform that tracks changes in the BTC stock on exchanges and other indicators about the cryptocurrency, disagrees with the position of the head of Nakamoto and believes that the growth of the digital asset value is hindered not only by two whales. In his opinion, other market participants are also selling coins due to the high price of the cryptocurrency.
Sani believes that September will be a difficult month for Bitcoin, which almost always ends with a decline in the rate. However, in October, the bearish trend will be replaced by a bullish one, of course, if the mood of traders changes for the better and the demand for coins increases.
