According to a recent report by Santiment, a notable shift in investor behavior has been observed in the cryptocurrency market.
The analysis found that whales, who hold between 10 and 10,000 Bitcoins, have sold approximately 66% of their recent purchases after the price of Bitcoin broke through $70,000 and reached $74,000.
Meanwhile, retail investors holding less than 0.01 Bitcoin have continued to increase their positions.
This trend is typically indicative of a market correction that has yet to reach its conclusion.