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Sep 02, 2025David Bailey says Bitcoin needs to slay two massive whales before hitting $150K as mystery holders execute $2.7B and $4B liquidations suppressing price momentum.
Bitcoin CEO and Trump crypto policy adviser David Bailey claims two massive whales are preventing Bitcoin from reaching $150,000, with one down and another halfway eliminated.
The cryptic reference points to large-scale Bitcoin holders who executed multi-billion-dollar sales, creating downward pressure that has kept prices below Bailey’s ambitious target, despite the momentum of institutional adoption.
Bailey responded to community speculation by confirming the whales operated at specific price levels, with “one for 80k bitcoin and the other for 120k bitcoin.”
Market analysis suggests one whale executed approximately $2.7 billion in BTC sales on August 24, while another early investor rotated roughly $4 billion worth of Bitcoin into Ethereum since late August.
Mystery Whales Execute Massive Bitcoin Liquidations
Speculation centers on two anonymous large-scale Bitcoin holders whose selling activity has suppressed price momentum throughout the current cycle.
The first whale reportedly completed massive liquidations worth $2.7 billion in a single day, while the second continues rotating substantial Bitcoin positions into alternative cryptocurrencies.
Bailey previously declared Bitcoin would experience no bear market for several years, citing massive institutional adoption from sovereigns, banks, insurers, corporations, and pension funds.
His no-bear-market thesis contradicted traditional four-year cycle analysis, arguing the market hadn’t captured even 0.01% of its total addressable market.
Bitcoin Faces Technical Breakdown Amid Institutional Rotation
Bitcoin closed August at $109,000, marking a 6% monthly decline during what historically represents the cryptocurrency’s weakest-performing period.
September typically delivers average losses of 3.77% during bull market years, earning the nickname “Rektember” among traders facing additional seasonal headwinds.
US spot Bitcoin ETFs recorded their first weekly outflows since June, with $126.64 million in net redemptions snapping a six-week streak of consistent inflows.
Sources>> David Bailey Says Bitcoin Needs to Slay ‘Two Massive Whales’ Before Hitting $150K – Who Are They?