According to Cointelegraph citing Santiment data, Bitcoin's recent pullback may not be over yet and is showing a bearish signal of "retail investors buying and large holders selling." Santiment pointed out that after Bitcoin's price reached a local high of $74,000, key stakeholders holding 10 to 10,000 BTC (whales) began to take profits on a large scale, having sold about 66% of their recent accumulated shares in the past 48 hours. Meanwhile, retail investors holding less than 0.01 BTC have been actively "buying the dip," attempting to scoop up the assets. Historical data indicates that the divergence where retail investors buy in panic while large holders exit often signals that the correction will continue, and the market may need to wait until large holders' holdings curve stabilizes or starts rising again before confirming a bottom.