Santiment: Whales selling BTC to retail investors is a market risk signal

Blockchain analytics firm Santiment has warned that a pattern of whales selling BTC while retail investors are buying could be a risk signal, Cointelegraph reports. According to a Santiment report, the price of BTC has historically tended to follow the direction set by whales rather than retail investors. The firm noted that since Oct. 12, whales holding between 10 and 10,000 BTC have sold approximately 32,500 BTC, even as smaller retail wallets have been actively buying the dip. Santiment concluded that this divergence between large-scale and retail investors could serve as a market warning.