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Bitcoin Whales Shift to Buying After Oct. 7 Pullback as Retail Sells

BTC CVD data show a purple whale group buying back Bitcoin it previously sold, while a red whale group continued buying after the decline.

By Enna Lee
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Orange coin beside two diverging stacks on a stone surface / TokenPost.ai
Orange coin beside two diverging stacks on a stone surface / TokenPost.ai

Bitcoin (BTC) faced a market pullback on Oct. 7 as BTC CVD data showed medium- and large-sized whale groups shifting from selling to buying, while retail investors continued to sell.

A purple whale group was buying back Bitcoin it had previously sold. A red whale group also continued buying after the decline.

The activity may have been a major driver of the decline, but the whale groups shifted toward buying after prices fell. Retail investors, meanwhile, continued to show a selling trend.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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