{"id":49014,"date":"2025-09-02T10:27:49","date_gmt":"2025-09-02T07:27:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49014"},"modified":"2025-09-02T10:30:16","modified_gmt":"2025-09-02T07:30:16","slug":"bitcoin-magazine-ceo-blames-two-whales-for-bitcoins-stagnation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-magazine-ceo-blames-two-whales-for-bitcoins-stagnation\/","title":{"rendered":"Bitcoin Magazine CEO Blames Two Whales for Bitcoin&#8217;s Stagnation"},"content":{"rendered":"<p>Bitcoin&#8217;s price could have already reached $150,000 if not for the influence of two major holders, according to Bitcoin Magazine CEO David Bailey.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The only reason we\u2019re not at $150k right now is two massive whales- once they\u2019re slain (1 down, 1 halfway there)\u2026 up only.<\/p>\n<p>\u2014 David Bailey\ud83c\uddf5\ud83c\uddf7 $1.0mm\/btc is the floor (@DavidFBailey) <a href=\"https:\/\/twitter.com\/DavidFBailey\/status\/1962717700322664601?ref_src=twsrc%5Etfw\">September 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The only reason we\u2019re not at $150,000 right now is two whales. Once they\u2019re defeated (one already, the second halfway), it\u2019s only up from there,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>At the time of writing, the leading cryptocurrency is trading at $110,200. Over the past 24 hours, the asset&#8217;s price has risen by 2.3%.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-1024x602.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2025-09-02 \u0432 10.24.01\" class=\"wp-image-264879\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-1024x602.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-768x451.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-1536x902.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-09-02-v-10.24.01-2048x1203.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>On August 24, Bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-slips-below-111300-as-whale-activity-surges\">dropped<\/a> below $111,300 amid a surge in whale activity. Over a few days, a major holder of digital gold sold more than 24,000 BTC, negatively impacting cryptocurrencies.\u00a0<\/p>\n<p>Bailey <a href=\"https:\/\/x.com\/DavidFBailey\/status\/1962722411444609531\">clarified<\/a> that the whales he mentioned sold 80,000 BTC and 120,000 BTC.\u00a0<\/p>\n<p>Previously, Canary Capital CEO Steven McClurg <a href=\"https:\/\/forklog.com\/en\/news\/canary-ceo-predicts-50-chance-of-bitcoin-reaching-150000\">estimated<\/a> a 50% chance of the asset reaching $150,000. BitMEX co-founder Arthur Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-to-150000-due-to-fed-policy\">predicted<\/a> a rise to this level by the end of the year. Some experts <a href=\"https:\/\/forklog.com\/en\/news\/opinion-bitcoins-price-to-peak-at-150000-in-october\">believe<\/a> this level will mark the peak of the current cycle.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin&#8217;s &#8220;Boring&#8221; Path to $1 Million\u00a0<\/h2>\n<p>An analyst using the pseudonym PlanC suggested that the leading cryptocurrency could reach $1 million by 2032. According to him, the growth will be slow, with prolonged corrections of 10-30% and without sharp movements.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What if the earlier \u201cBitcoin cycles\u201d were nothing more than the product of a retail-dominated, FOMO-fueled market?<\/p>\n<p>What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10\u201330% corrections and consolidations?<\/p>\n<p>And every time we\u2026<\/p>\n<p>\u2014 PlanC (@TheRealPlanC) <a href=\"https:\/\/twitter.com\/TheRealPlanC\/status\/1962181012789613046?ref_src=twsrc%5Etfw\">August 31, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;What if the previous Bitcoin cycles were nothing more than the result of a market driven by retail investors, fueled by <span data-descr=\"fear of missing out\" class=\"old_tooltip\">FOMO<\/span>? [\u2026] Instead, we face a slow and &#8216;boring&#8217; path to $1 million over the next seven years amid growing recognition of cryptocurrency by the traditional financial market and institutional investors,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>PlanC noted that during a prolonged sideways movement of digital gold, market participants think the growth phase has ended and expect an 80% price drop. Recently, analysts have frequently <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-cio-declares-bitcoin-cycles-obsolete\">debated<\/a> Bitcoin&#8217;s four-year cycles.\u00a0<\/p>\n<p>Confidence in the rise of the leading cryptocurrency to a six-figure mark is also <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-ceo-predicts-bitcoin-could-reach-1-million-by-2030\">shared<\/a> by Coinbase CEO Brian Armstrong and the son of the US President, Eric Trump.<\/p>\n<p>Earlier in September, experts <a href=\"https:\/\/forklog.com\/en\/news\/analysts-expect-bitcoins-bull-run-to-continue\">predicted<\/a> the continuation of the bull run in the digital gold market.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price could have reached $150,000 if not for the influence of two major holders, said Bitcoin Magazine CEO David Bailey.<\/p>\n","protected":false},"author":1,"featured_media":49015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Meanwhile, analyst PlanC forecasted a \"boring\" rise to $1 million.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1156],"class_list":["post-49014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"258","promo_type":"1","layout_type":"1","short_excerpt":"Meanwhile, analyst PlanC forecasted a \"boring\" rise to $1 million.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=49014"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49014\/revisions"}],"predecessor-version":[{"id":49016,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/49014\/revisions\/49016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/49015"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=49014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=49014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=49014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}