Bitcoin Whale Sales Held Back Price, Says CEO

Bitcoin (BTC) is close to a new all-time high, but its price remains stuck at around $110,223. According to crypto advisor and former Donald Trump administration advisor David Bailey, this delay is due to large whale sales. Bailey claims two whales are actively selling their holdings and preventing BTC from hitting its intended target of $150,000. He predicts Bitcoin will continue to climb once the whales sell off, as he believes the current price reflects the ongoing sales pressure.