One Major Reason Bitcoin Hasn’t Reached $150,000, According To Trump’s Crypto Advisor
September 3, 2025 · 8:00 AM
Bitcoin (BTC) has seen a significant correction, dropping over 10% from its peak above $124,000, primarily due to large investors, or "whales," selling off substantial amounts of BTC. David Bailey, CEO of Bitcoin Magazine, noted that two whales liquidated 80,000 and 120,000 BTC, with speculation that Binance may be involved in orchestrating this sell-off to profit from futures market liquidations.
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