According to Santiment, Bitcoin whale and shark wallets holding between 10 and 10,000 BTC sold a combined 24,602 BTC over the past week, contributing to a 13% decline that pushed Bitcoin to its lowest level in eight weeks.
Meanwhile, retail micro-investors continued accumulating BTC. Analysts suggest that if whales resume buying while retail accumulation persists, it could signal an attractive dip-buying opportunity and potentially mark the end of the current correction.