Willy Woo: Bitcoin's slow rise this cycle is caused by the pressure of the ancient giant whale, and the market needs to digest 10,000 times the income chips
2025-08-24 23:52:17
Crypto analyst Willy Woo tweeted, Why is Bitcoin rising so slowly this cycle? The supply of Bitcoin is mainly concentrated in the hands of ancient whales, who peaked their holdings around 2011. At that time, the price of buying Bitcoin was $10 or less. Today, for every BTC they sell, the market needs more than $110,000 in new capital to take on. This difference in cost basis, the amount of supply they hold, and the speed at which they sell has a profound impact on how much additional capital is needed to push the price higher. Think of this as the growth pains that Bitcoin is going through until these investors, who have made 10,000 times gains, are fully digested by the market.
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