Bitcoin’s Price Struggles: OG Whales Tied to Slow Rise, Analysis Suggests

Willy Woo, a prominent Bitcoin analyst, has suggested that the slow price movement of Bitcoin (BTC) could be linked to the actions of its oldest whales. These whales, who acquired BTC at significantly lower prices in 2011, hold concentrated supplies and sell their holdings slowly, impacting the market’s ability to attract significant new capital for a substantial price increase.