Bitcoin Must Defeat Two Whale Sellers Before Surging to $150K

David Bailey, Bitcoin Magazine CEO and Trump’s crypto advisor, says that Bitcoin is being held back by two massive whales. According to Bailey, one whale has already been eliminated, while the other is halfway through liquidation.

On-chain data confirms that one whale sold $2.7 billion worth of BTC on August 24, while another is rotating billions into Ethereum, as ETH ETFs saw $4 billion in inflows, significantly outperforming Bitcoin ETFs.

Meanwhile, Bitcoin’s price slipped to $109,000 amid weakening technicals. MACD crossovers and bearish divergences signal the possibility of deeper corrections, with $93K-$95K as potential cyclical floor.

Despite technical weakness, institutional accumulation remains strong. MicroStrategy now holds over 632,000 BTC, while Bailey insists that Bitcoin’s addressable market is still vastly untapped.

Bailey’s “no bear market” thesis remains controversial, yet top analysts maintain ultra-bullish projections. VanEck reaffirmed a $180K target, while Arthur Hayes sees BTC reaching $250K by the end of 2025. Eric Trump recently repeated his $1M Bitcoin prediction, citing surging demand from governments and corporations.

Conclusion: Once these “whale liquidations” are complete, Bitcoin’s path toward new all-time highs may be cleared, and the rally could resume with greater intensity.