Bitcoin whales have sold over 38,366 BTC since October 12, while retail investors have added 415 BTC, according to Cryptofrontnews. This activity highlights a growing divergence in market sentiment. Data from Santiment indicates that large holders, who control 68.5% of Bitcoin's supply, have reduced their holdings by 0.28%, whereas retail investors have increased their holdings by 0.85%.
The price of Bitcoin has fallen to $101,800, sparking concerns of a potential drop below the $100,000 mark. Sanbase data shows the most significant divergence between large and small wallets since October 12, with large wallets decreasing their accumulation and small wallets steadily increasing. Analysts suggest a market bottom may form if whale behavior changes and small investors begin to capitulate.
Bitcoin Whales Offload 38,366 BTC as Retail Investors Accumulate
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