Analysis: Large and medium-sized BTC whales drove the price down and then bought back, while retail investors are still continuously selling.

BlockBeats news, October 7th, today the cryptocurrency market experienced a pullback. The BTC CVD indicator shows that the purple whale previously drove BTC price down through continuous selling, and is now buying back the BTC it had reduced at lower levels; the red whale also continued buying after the decline.

These medium and large whales may have been the main driving force behind this decline, but after the price fell back, they have shifted to buying. At the same time, retail investors are still showing a continuous selling trend.