Bitcoin's market dynamics are showing a significant divergence as retail investors increase their holdings while whales offload their assets, according to sentiment platform Santiment. Since October 12, Bitcoin whales, defined as wallets holding between 10 and 10,000 BTC, have sold approximately 32,500 Bitcoin. During this period, Bitcoin's price dropped from $115,000 to $98,000, before recovering to $103,780.
Santiment warns that this pattern, where large investors sell while smaller investors buy, could be a cautionary signal for Bitcoin's price trajectory. Despite this, analysts remain divided on Bitcoin's near-term outlook. Some expect consolidation and volatility, while others see potential for a price increase if ETF inflows and macroeconomic conditions improve. Bitcoin's price could climb to $130,000 if these factors align favorably.
Bitcoin Whale Sell-Off and Retail Buying Divergence Raises Concerns
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
