Leading cryptocurrency Bitcoin has been on a downtrend since reaching a new ATH in mid-August. Post-ATH profit-taking by long-term investors and mega-whales has added to the pressure, with long-term (LTH) addresses offloading 97,000 BTC worth approximately $3 billion last Friday alone, according to Glassnode data. This was the biggest single-day sell-off for this group so far this year. As Bitcoin's decline deepens, BTC Inc CEO David Bailey, who advises US President Donald Trump on cryptocurrency policy, hinted that Bitcoin could soon reach $150,000. David Bailey, in his post from his X account, said that the reason why Bitcoin cannot rise is two giant whales. At this point, Bailey stated that in order for Bitcoin to reach $150,000, two selling whales need to clear, that is, finish their sales. “The reason Bitcoin hasn't reached $150,000 is because of two early whales selling their holdings recently. If these two clear, Bitcoin will instantly surpass $150,000. One has already finished (the sale), the other is halfway done.” According to the data, one whale address sold $2.7 billion worth of BTC on August 24, while another has sold $4 billion worth of BTC to buy ETH since the end of August. Not only David Bailey but many analysts also expect Bitcoin to rise above $150,000 by the end of the year. At this point, Alex Thorn, head of research at Galaxy Digital, predicted that Bitcoin could reach between $150,000 and $180,000 by the end of 2025. BitMEX co-founder Arthur Hayes and Fundstrat co-founder Tom Lee predict that Bitcoin could reach $250,000 by the end of 2025. *This is not investment advice. Continue Reading: Trump's Advisor Reveals Bitcoin Target! $150,000 Is Next, But It Requires Two Things!
