Whale sell-offs keep Bitcoin capped, but Bailey says clearing them could spark a 36% surge, with some analysts eyeing $180,000–$250,000 by year’s end.
Bitcoin will likely only climb to the $150,000 price point once two massive Bitcoin whales finish selling, according to Bitcoin holding company Nakamoto CEO, David Bailey.
“The only reason we’re not at $150k right now is two massive whales,” Bailey said in an X post on Tuesday.
A move to $150,000 would represent an approximate 36% from Bitcoin’s (BTC) current price of $110,240, according to CoinMarketCap.
