David Bailey: The price of Bitcoin can only rise to $150,000 after the two giant whales have completed the sale

PANews September 2nd news, David Bailey, CEO of Bitcoin Holdings Nakamoto, said that the price of Bitcoin can only climb to $150,000 after the two major Bitcoin giant whales complete the sale. Bailey posted on X on Tuesday that "Bitcoin has not risen to $150,000 at present because of these two giant whales. When they are sold out (one of them has sold out more than half, the other is in progress) ... the price will only continue to rise." Recently, many giant whale transactions have caused shocks in the Bitcoin market. On August 24, a Bitcoin giant whale sold 24,000 BTC (about 2.7 billion US dollars), causing a flash crash in the Bitcoin market. According to QCP analysis, the crash caused about $500 million of leveraged positions to be liquidated within minutes. A few days ago, on August 21, a giant whale that had held Bitcoin for more than five years began to transfer funds to Ethereum and sold $4 billion worth of Bitcoin through the decentralized exchange Hyperliquid. Sentiment fluctuations in the cryptocurrency market have intensified. On Saturday, the cryptocurrency fear and greed index fell to the "fear" range. Although it rebounded to the "neutral" level of 49 on Tuesday, it had previously swung between "fear" and "neutral".