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$BTC dropped below $67K and the selling seems to be coming mostly from smaller holders.
On-chain data shows wallets under 10 BTC are leading the move, with clear signs of distribution rather than accumulation.
Larger players aren’t really stepping in either. Whales look mostly neutral right now, not selling aggressively but not buying the dip in size.
Feels like retail is reacting to the move while bigger players are just watching for now.
Informational post only, not financial advice.