Whale inflow skyrockets to the highest level of the month
On July 17, whale wallets holding over 1,000 BTC sold more than 50,200 BTC (worth over $6 billion), marking the largest sell-off in over a month. This move repeats a previous trend, often leading to short-term price corrections.
Retail selling signal
The short-term SOPR index skyrocketed to 1.05, indicating that retail investors are taking profits, reflecting a cautious sentiment.
Although it has slightly decreased to 1.02, the index remains high, often associated with the potential for price corrections
