Santiment Warns: Small Investors Buying as Big Wallets Sell BTC

The cryptocurrency market has ended a tumultuous week with Bitcoin ($BTC) falling below the critical $60,000 support level. According to data from analytics platform Santiment, Bitcoin's price fell by approximately 4.6% in the past week.

However, despite the decline, some small investors are viewing every dip as a buying opportunity. Small wallets holding 0.01 BTC or less have increased their share of the total Bitcoin supply by 1% in the last 7 weeks.

But Santiment analysts warn that this trend is not entirely positive. The large institutional wallets holding between 10 and 10,000 BTC have sold off approximately 43,241 BTC in the last 7 weeks. This selling pressure from big wallets worries them quite a bit.