Bitcoin whale buying slows while retail investors increase dip-buying

The pace of accumulation by major Bitcoin whale addresses is slowing, while dip-buying from small retail investors holding less than 1 BTC is on the rise, The Block reported, citing data from on-chain analytics firm Santiment. This structural shift is described as a typical late-cycle signal that increases the market's short-term vulnerability. Despite an improving macroeconomic environment, including the end of the Federal Reserve's quantitative tightening and expectations for interest rate cuts this year, upward momentum remains limited. The market is reportedly watching the low $90,000s as a key level for a short-term recovery, but confidence in a rebound is expected to remain low without a recovery in ETF fund flows and on-chain liquidity.