Bitcoin just slipped below $75,000 for the first time since April.

And the reason is clear on-chain 👇

• Whale wallets (10–10K $BTC) dumped 50,000+ BTC
• Small retail wallets (<0.01 BTC) are aggressively buying the dip

This is a classic bearish setup, according to Santiment.

When large holders distribute while retail rushes in, it usually signals smart money exiting into demand — not accumulation.

Price doesn’t fall because of fear alone.
It falls when liquidity is transferred from weak hands to strong exits.

Until whale behavior flips, downside pressure remains elevated.