Whales are selling, retail is buying

Regular investor sentiment has rapidly shifted from caution to panic and a desperate desire to "jump on the bandwagon." However, on-chain data shows that while the crowd is swayed by emotion, major players are acting strictly on cold, calculated ground.

Large holders (wallets with balances between 10 and 10,000 BTC), whose actions historically predict future trends, have wisely taken advantage of the general hype. Amid a massive influx of buyers, they have gradually reduced their positions. Over the past three weeks, their holdings have decreased by 0.20%.

Regular retail players (wallets with balances less than 0.01 BTC) have done the opposite. They completely halted their previous selling and, at the very peak of the general excitement (that aforementioned feeling of FOMO), began actively buying BTC, increasing their holdings by 0.09%.

The whales have unloaded some of their positions on the crowd's optimism, and now the market may need a good clearing correction or a prolonged sideways movement to cool the ardor of retail investors.

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