Retail investors sell BTC as whales wait for clear direction

As Bitcoin's price has fallen below $67,000, retail investors are selling off their holdings while large-scale investors are taking a wait-and-see approach, according to an analysis by Glassnode. The on-chain analytics firm noted that its Accumulation Trend Score shows investors holding under 10 BTC are exhibiting the strongest selling pressure. In contrast, whales holding between 1,000 and 10,000 BTC have a neutral accumulation score of 0.5, indicating they are observing the market until a clear price direction emerges.