Santiment data shows Bitcoin whales selling 66% of recent buys as price drops below $70K

Crypto analytics firm Santiment reports that Bitcoin whales holding between 10 and 10,000 BTC have sold around 66% of the coins they accumulated between Feb. 23 and Mar. 3, after prices briefly touched $74,000 this week. While retail holders with less than 0.01 BTC have been buying the dip below $70,000, Santiment and other analysts warn the correction could continue, especially after a $348.9 million outflow day from US spot Bitcoin ETFs and a plunge in sentiment to "Extreme Fear."