Large Bitcoin whales buy the dip while retail keeps selling
- —BlockBeats: 'purple' whales sold BTC, driving prices down, then started buying back
- —'Red' whales also bought after the price drop
- —Retail investors continue to sell amid the decline
- —BlockBeats did not disclose its CVD methodology, whale classification criteria or trade sizes
Why it matters: Whales returning to buying could hint at a local bottom, but the signal is weak without volume data.
Source: TokenPost