Santiment: Whales sell 66% of recent purchase volume, retail investors buy the dip, historical patterns indicate the correction may not be over

BTC-4,23%

Gate News reports that on March 7th, the crypto sentiment analysis platform Santiment released a report indicating a divergence between whale sell-offs and retail buy-ins in the current market. Data shows that whales holding between 10 and 10,000 BTC accumulated heavily from February 23rd to March 3rd, when BTC prices ranged from $62,900 to $69,600. Since BTC broke above $70,000 and reached $74,000 this Wednesday, this group has sold approximately 66% of their recent purchases. Meanwhile, retail investors holding less than 0.01 BTC continue to increase their positions. Santiment states that, based on historical patterns, when retail investors buy and whales sell, it often indicates that the correction is not over and prices may decline further.

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