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Bitcoin is once again at a critical point. Massive whale activity, slowing ETF inflows, and rising volatility have put the market under pressure. Yet, analysts argue that these corrections may be part of a healthy cycle.
But the big question remains: when will BTC finally break higher? One insider has shared what’s really stopping this uptrend. Let’s find out.
What is Holding Back Bitcoin’s Path to $150K?
According to David Bailey, Trump’s Bitcoin advisor and CEO of Bitcoin firm Nakamoto, two giant holders, may be slowing down Bitcoin’s next big move. He says that once these whales finish selling, the cryptocurrency could climb to $150,000.
One of the users was concerned that there are still many large players waiting in line to sell Bitcoin. Bailey responded with confidence, saying they’ll handle the situation “1×1,” meaning one whale at a time. Another user questioned if just two whales could truly influence Bitcoin’s price.
Bailey clarifies that one whale is holding 80,000 BTC and the other 120,000 BTC. He says that these amounts are large enough to materially impact the market.
Whale Sell-Offs Shake the Market
Bitcoin whales have been shaking up the market.
- On Aug. 24, one whale sold 24,000 BTC, sparking a flash crash that wiped out $500 million in leveraged positions.
- A few days earlier, a long-term holder moved 400 BTC into HyperLiquid to sell it and buy ETH.
- Yesterday, a long investor sold 2,000 BTC to buy nearly 49,000 ETH.
With long-term wallets selling, ETF inflows drying up, and volatility climbing, the next two weeks could decide whether this bull market holds or breaks.
Is This Just a Healthy Correction?
CryptoQuant analyst Darkfrost says Bitcoin’s recent pullback isn’t unusual. Since the last all-time high of around $123,000, BTC has dropped about 12%, well within normal correction range. Deepest pullbacks so far have been 28%, and such corrections help reset leverage, calm sentiment, and create buying opportunities.
Trader Michael van de Poppe expects Bitcoin to eventually break upward but warns of a possible drop to the $100K-$103K range first.
Bitcoin is currently trading at $110,325, up 0.67% in the last 24 hours. Is the recent dip just a healthy correction or the start of a major price crash remains to be seen.