According to Odaily Planet Daily, David Bailey, CEO of Bitcoin holding company Nakamoto, stated that Bitcoin's price could only reach $150,000 after two major Bitcoin whales have completed their sell-offs. Bailey posted on the X platform on Tuesday: "The reason Bitcoin hasn't reached $150,000 yet is because of these two major whales. Once they've sold (one has already sold more than half, and the other is still in the process of selling)... the price will only continue to rise."

Recently, multiple whale transactions have caused volatility in the Bitcoin market. On August 24, a Bitcoin whale dumped 24,000 BTC (approximately $2.7 billion), triggering a flash crash in the Bitcoin market.