Bitcoin dip may not be over as whales sell into retail buying — a bearish signal
Recent analysis indicates that Bitcoin's recent price dip may continue as large investors, known as whales, are selling their holdings even as retail investors show increased buying activity. This trend suggests a bearish sentiment in the market, as the selling pressure from whales could outweigh the demand from retail buyers. Analysts warn that this behavior often precedes further declines in Bitcoin's price. The market remains cautious, with traders closely monitoring whale movements and overall trading volumes for signs of a potential reversal.
Read the full article: CoinDesk