Look at this pattern that's happening in Bitcoin. The big holders aggressively bought in February when the price dropped to $62,900, but when the coin rose to $74,000 last week, they already offloaded about 66% of what they had just accumulated. However, retail is buying more and more as the price recedes.

This dynamic is classic: when the sharks sell at the high and retail buys at the low, it usually means the correction is far from over. The crypto market sentiment is in "extreme fear" mode, with the index dropping significantly. Additionally, nearly 43% of all circulating Bitcoin is in the red, so any recovery hits a wall of desperate sellers trying to break even.

The picture is quite clear: high volatility, but net movement close to zero. The crypto market sentiment remains divided between those wanting to profit on the rise ($74,000) and those aiming to enter on the dip ($70,000). The question now is simple: either the big holders can absorb this selling pressure and break above $74,000 strongly, or the crypto market sentiment worsens and we test $60,000. Judging by how the whales are acting, the second option is gaining strength.