Bitcoin Poised for 36% Rally to $150K as Two Major Whales Exit
David Bailey, CEO of Nakamoto custody firm, says Bitcoin’s upside to $150,000 has been capped by selling from two large whales. One whale has sold its holdings and the second is set to follow, removing significant sell-side pressure. Recent whale activity—24,000 BTC dumped on August 24 triggering $500 million in liquidations, and a $4 billion transfer into ETH via Hyperliquid on August 21—has driven volatility. Analysts at Canary Capital, Galaxy Digital, BitMEX and Fundstrat forecast Bitcoin could climb to $140,000–$250,000 by late 2025. Traders should monitor whale flows, exchange inflows, funding rates, options skew and sentiment indices such as the Crypto Fear & Greed Index for signals of a bullish breakout.
Bullish
The exit of two major whales removes significant sell-side pressure, creating potential for a bullish breakout. Recent large BTC dumps caused volatility but clearing these overhangs paves the way for upside. Analyst forecasts of $140K–$250K by late 2025 support a positive outlook for both short-term momentum and long-term trend, while on-chain and sentiment metrics could trigger entry signals for traders.