Cryptocurrency analyst Willy Woo explains why Bitcoin’s price isn’t rising as expected, citing selling patterns of early investors. Woo notes that OG whales who bought BTC at low prices hold significant supply, impacting new capital needed to move the price. Bitcoin recently experienced a flash crash due to a whale liquidating 24,000 BTC, reversing positive market sentiments.

Bitcoin’s market share has dropped from 61% to 56.9% as it moves sideways. Anthony Pompliano sees this as a sign of market maturity with muted volatility and increased institutional involvement. He predicts Bitcoin will rebound in September, considering the current price of $113,000 as oversold.

Read more at Yahoo Finance: Bitcoin Not Rising Quickly Enough? Analyst Says Early Hodlers Could Be The Reason