Bitcoin Could Hit $150K Once Two Whales Finish Selling, Says Nakamoto CEO

[cryptobro]

Bitcoin may only reach the $150,000 mark once two major whales finish selling, according to David Bailey, CEO of Bitcoin holding company Nakamoto.

Bailey said in an X post on Tuesday that the “only reason” Bitcoin is not already at $150,000 is due to selling pressure from two large holders.

“Once they’re slain (1 down, 1 halfway there)… up only,” Bailey wrote.

Whale Activity Pressures Bitcoin

Bitcoin is currently trading at around $110,240, down nearly 3% over the past month. A move to $150,000 would represent a 36% increase from current levels.

Large whale transactions have rattled the market in recent weeks:

On Aug. 21, a whale sold around $4 billion worth of Bitcoin, rotating into Ether after holding for more than five years.

On Aug. 24, another whale sold 24,000 BTC worth $2.7 billion, sparking a flash crash that liquidated $500 million in leveraged positions.

Analysts See Upside Beyond $150K

While Bailey points to $150,000 as the next major milestone, other analysts are even more bullish.

Steven McClurg, CEO of Canary Capital, sees a greater than 50% chance of Bitcoin reaching $140K–$150K before the next bear market.

Alex Thorn, head of research at Galaxy Digital, projects Bitcoin could trade between $150K–$180K by the end of 2025.

Arthur Hayes (BitMEX co-founder) and Tom Lee (Fundstrat co-founder) have both suggested Bitcoin could rise to $250K before year-end.

Market Sentiment

The Crypto Fear & Greed Index recently slipped into “Fear” before returning to a neutral reading of 49 this week, reflecting ongoing uncertainty as whale selling and macroeconomic factors weigh on sentiment.

[Nahid10]

If Bailey is right and only two whales are suppressing BTC’s price, that’s actually bullish long-term. Once distribution is done, supply concentration weakens and market structure becomes healthier. It’s painful now, but history shows whale rotations usually mark the beginning of the next leg higher.

[emranrx]

People forget that $4B + $2.7B in sell pressure hitting the market within days is enormous. Any other asset would’ve collapsed further. The fact Bitcoin is still holding around $110K shows underlying demand is strong. Once these whales finish, price discovery toward $150K+ becomes very realistic.

[jacson4]

I wouldn’t obsess over the exact $150K target. Whether it’s $140K, $150K, or even $180K, the point is that Bitcoin’s next move will likely be parabolic once heavy sellers are out of the way. Combine that with ETF inflows and a dovish Fed, and we could see levels most people still consider impossible.