Bitcoin's price has dropped below the $75,000 mark for the first time since April 2025, driven by significant selling from major holders. Glassnode data reveals that whales, controlling a substantial portion of Bitcoin's supply, sold 50,181 BTC over the past two weeks, contributing to the price decline. This activity has raised concerns about market stability and future price direction. The sell-off by whales has led to increased market volatility, with exchange order books showing reduced liquidity and widened bid-ask spreads. While large holders are selling, retail investors are accumulating, with addresses holding less than 0.01 BTC increasing their holdings. This divergence highlights differing market strategies, with retail investors potentially signaling long-term confidence despite short-term volatility. Market analysts suggest that Bitcoin's recovery will depend on reduced selling pressure from whales and renewed institutional interest. The current market dynamics mirror previous cycles where similar whale-retail divergences preceded significant trend changes.