Key Notes

David Bailey says two massive whales are holding Bitcoin back from $150K.

Short-term profit-taking, not long-term selling, drove Bitcoin’s dip to $108K.

ETFs now hold 1.47 million BTC, though August saw $301M in outflows.

Bitcoin BTC $110 364 24h volatility: 0.7% Market cap: $2.20 T Vol. 24h: $40.38 B could be headed to $150,000 sooner rather than later, but according to David Bailey, CEO of Bitcoin holding company Nakamoto, the road ahead hinges on just two massive market players.

“The only reason we’re not at $150k right now is two massive whales,” Bailey wrote in an X post on Sept. 2. “Once they’re slain (1 down, 1 halfway there)… up only.”

Bailey brought to light the fact that the concentrated selling pressure from large holders conti

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