David Bailey Says Bitcoin Needs to Slay ‘Two Massive Whales’ Before Hitting $150K – Who Are They?

Bitcoin CEO and Trump crypto coverage adviser David Bailey claims two huge whales are stopping Bitcoin from reaching $150,000, with one down and one other midway eradicated.

The cryptic reference factors to large-scale Bitcoin holders who executed multi-billion-dollar gross sales, creating downward stress that has stored costs under Bailey’s formidable goal, regardless of the momentum of institutional adoption.

Bailey responded to neighborhood hypothesis by confirming the whales operated at particular worth ranges, with “one for 80k bitcoin and the opposite for 120k bitcoin.”

Market evaluation suggests one whale executed roughly $2.7 billion in BTC gross sales on August 24, whereas one other early investor rotated roughly $4 billion value of Bitcoin into Ethereum since late August.

The one motive we’re not at $150k proper now’s two huge whales- as soon as they’re slain (1 down, 1 midway there)… up solely.

— David Bailey $1.0mm/btc is the ground (@DavidFBailey) September 2, 2025

Thriller Whales Execute Large Bitcoin Liquidations

Hypothesis facilities on two nameless large-scale Bitcoin holders whose promoting exercise has suppressed worth momentum all through the present cycle.

The primary whale reportedly completed massive liquidations value $2.7 billion in a single day, whereas the second continues rotating substantial Bitcoin positions into various cryptocurrencies.

Bailey beforehand declared Bitcoin would experience no bear market for several years, citing huge institutional adoption from sovereigns, banks, insurers, companies, and pension funds.

His no-bear-market thesis contradicted conventional four-year cycle evaluation, arguing the market hadn’t captured even 0.01% of its complete addressable market.

Company Bitcoin holdings have surged to over $400 billion throughout almost 312 entities, with public corporations accounting for over 50% of institutional reserves.

MicroStrategy leads with over 632,457 BTC, adopted by MARA Holdings with greater than 50,639 BTC; but, Bitcoin struggled to remain above its $124,000 all-time high reached on August 13.

The whale promoting stress coincided with technical deterioration, together with bearish divergences throughout a number of timeframes and a double-top sample with a neckline round $112,000.

On Aug 29, Bitcoin broke below the key $110,000 support zone, extending drawdowns over 13% from peak ranges and elevating considerations about deeper corrections.

Early Bitcoin holders began rotating assets into Ethereum positions, with one whale moving 400 BTC, value roughly $45.5 million, into leveraged ETH positions.

One other holder bought 24,000 BTC inside hours, contributing to institutional portfolio rebalancing away from Bitcoin focus.

Bitcoin Faces Technical Breakdown Amid Institutional Rotation

Bitcoin closed August at $109,000, marking a 6% month-to-month decline throughout what traditionally represents the cryptocurrency’s weakest-performing interval.

September sometimes delivers common losses of three.77% throughout bull market years, incomes the nickname “Rektember” amongst merchants dealing with extra seasonal headwinds.

US spot Bitcoin ETFs recorded their first weekly outflows since June, with $126.64 million in web redemptions snapping a six-week streak of constant inflows.

August delivered $751.1 million in complete outflows in contrast with $6 billion in inflows throughout July.

Ethereum ETFs considerably outperformed Bitcoin merchandise, attracting nearly $4 billion in inflows in August, whereas Bitcoin funds recorded $622.5 million in web outflows.

The divergence coincided with ETH’s relative worth power, erasing year-to-date underperformance in opposition to Bitcoin with 13.8% positive aspects.

Technical indicators are presenting regarding indicators for potential Bitcoin restoration makes an attempt.

The 50-day exponential shifting common at $114,000 now acts as robust resistance, whereas momentum indicators, together with MACD, turned destructive with bearish crossovers throughout a number of timeframes.

Bitfinex evaluation identifies the present Brief-Time period Holder Realized Worth at $108,900 as a key pivot, with sustained buying and selling under this degree doubtless fueling extra draw back towards the $93,000-$95,000 cyclical flooring zone.

Change order circulation metrics point out neutralized spot sentiment, reinforcing views that patrons await stronger catalysts.

CryptoQuant’s Bull Rating Index reached 40, transitioning to the “Getting Bearish” part as retail dealer sentiment reached excessive bearish ranges following drops under $113,000.

Nevertheless, institutional accumulation persists regardless of retail liquidations, as some buyers promote whereas others purchase the dip.

A number of analysts preserve longer-term bullish targets regardless of technical deterioration.

VanEck has recently reaffirmed its $180,000 year-end target, citing the large institutional adoption that has slowed down however is predicted to choose up once more.

Equally, in July, Arthur Hayes projected $250,000 for Bitcoin and $10,000 for Ethereum by the tip of 2025, citing the Trump administration’s financial insurance policies and credit-heavy methods.

Most not too long ago, Eric Trump bolstered his ultra-bullish sentiment at Bitcoin 2025 Asia, reaffirming his $1 million Bitcoin prediction primarily based on surging demand from governments, companies, and rich households.

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