Bitcoin struggling to rise? Analyst Willy Woo reveals the core reason: ancient whales need $110,000 to buy back 1 coin after selling, pressure from ten-thousand-fold profit chips

On August 25, well-known cryptocurrency analyst Willy Woo posted on social media, unraveling the mystery behind the current difficulty of Bitcoin's rise— the root of the problem points directly to the 'ancient whales' holding a large amount of chips.

According to BlockBeats, Willy Woo pointed out that the current core supply of Bitcoin is still highly concentrated in the hands of early whales who entered the market around 2011. At that time, their cost of buying Bitcoin was only $10 or even lower, and they now hold ten-thousand-fold profits.

More critically, every time these whales sell, they put pressure on the market: for every Bitcoin sold, the market needs to inject over $110,000 in new funds to absorb it. This huge cost disparity, combined with the massive amount of holdings and the selling pace of these whales, directly determines the amount of capital required to drive Bitcoin's price up, becoming the 'roadblock' in this market phase.

In Willy Woo's view, the current slow rise of Bitcoin is not abnormal, but rather its 'growing pains'—only when these ancient investors, who hold ten-thousand-fold profits, completely clear their chips and the market finishes digesting can Bitcoin hope to break free from the pressure of selling and enter a new phase of market activity.