Santiment: Whales have sold approximately 66% of their recent purchases, while retail investors continue to buy at low levels

According to market news, the crypto sentiment platform Santiment pointed out that after Bitcoin reached $74,000, whale investors have sold about 66% of their recent purchases, while retail investors continue to buy at low levels. The signal of "whales selling, retail buying" has historically indicated that a correction is not yet in place. Currently, Bitcoin is priced at approximately $67,984, and the fear and greed index has dropped to 12 (extreme fear). Meanwhile, the net outflow from the U.S. Bitcoin spot ETF reached $348.9 million in a single day, hitting a three-week high.

Analysts warn that if the price cannot hold the support range of $67,000--$68,000, it may further test the lows, but $60,000 is seen as an important bottom support.