Large bitcoin holders, often referred to as whales, stepped in to buy heavily during last week’s Iran-driven market sell-off. As prices later recovered toward the $74,000 level, many of these large investors reportedly began offloading a significant portion of the coins they had accumulated during the dip.
Meanwhile, smaller retail investors have been increasing their purchases after $BITCOIN slipped back below $70,000. Analysts note that this type of buying behavior from retail traders frequently appears before a correction fully plays out, suggesting the market may still face additional downside pressure.
Data also shows that roughly 43% of bitcoin’s circulating supply is currently sitting at a loss, while market sentiment has fallen into the “extreme fear” category. According to analysts, this places bitcoin at a critical point: either a breakout above $74,000 could spark renewed bullish momentum, or prices could fall further to retest support around $60,000. Current whale activity appears to lean toward the latter scenario.$BTC #OilTops$100
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