Nakamoto CEO: "If the 'whales' selling large amounts of Bitcoin disappear, it will reach $150,000"
Summary
- Nakamoto CEO said that two 'early whales' who recently sold large amounts of Bitcoin are preventing price increases.
- He said one of them has finished selling, and the other is about halfway through the selling process.
- Cointelegraph reported that the whales are selling tens of billions of dollars' worth of Bitcoin.
David Bailey, CEO of Nakamoto, a Bitcoin (BTC) finance company, hinted that BTC could soon reach $150,000.
On the 2nd (local time), David Bailey, Nakamoto CEO, said on X (formerly Twitter), "The reason Bitcoin isn't reaching $150,000 is because of two early whales (OG) who have recently been selling their holdings," adding, "If you remove these two, Bitcoin will immediately break through $150,000." He added, "One has already finished (selling), and the other is about half finished."
Earlier, crypto asset (cryptocurrency) specialist outlet Cointelegraph reported, "Recently, two early Bitcoin whales have been selling off large portions of their holdings," noting, "On the 24th of last month (local time), one whale address sold about $2.7 billion worth of Bitcoin, and another whale has been selling roughly $4 billion worth of BTC and buying ETH since the end of last month."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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