Santiment: Currently, there is a situation of whales selling and retail investors buying, which usually indicates that the correction has not yet ended.

MarsBitNews · 2026-03-07T07:25:21+00:00

Mars Finance reports that despite retail investors heavily buying in when Bitcoin fell below $70,000, whale activity suggests the price may continue to decline. Santiment noted that whales took profits when Bitcoin approached $74,000, leading them to sell 66% of their recent purchases, while retail investors continued to increase their holdings.

MarsBitNews

2026-03-07 07:25:21

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Crypto News: On March 7, retail investors bought heavily as Bitcoin fell below $70,000, but the crypto sentiment platform Santiment indicates that if historical patterns repeat, whale activity suggests prices could still decline further. In a report on Friday, Santiment stated, “When Bitcoin reached $74,000, these key stakeholders started taking profits.” Santiment explained that whales holding between 10 and 10,000 Bitcoin “accumulated heavily” from February 23 to March 3, when Bitcoin’s trading price ranged from $62,900 to $69,600. Since Bitcoin broke above $70,000 and hit $74,000 on Wednesday, this group has sold about 66% of their recent purchases. Meanwhile, retail investors holding less than 0.01 Bitcoin have been increasing their positions. “When retail investors buy while whales sell, it usually indicates that the correction is not over,” Santiment said.

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