The recent drop in Bitcoin's price may not have reached its conclusion, as large-scale investors, commonly referred to as 'whales,' appear to be capitalizing on the surge in retail investor purchases by selling off their holdings. This activity is often interpreted as a bearish signal for the cryptocurrency market, indicating that the overall sentiment might be trending downward, despite the enthusiasm from smaller investors looking to buy into the market. As a result, the potential for further declines in Bitcoin's value remains, raising concerns about the sustainability of the current price movements.
source: https://www.coindesk.com/markets/2026/03/08/bitcoin-dip-may-not-be-over-as-whales-sell-into-retail-buying-a-bearish-signal