Bitcoin pulled back with the broader crypto market on Oct. 7, according to BlockBeats, and order-flow data pointed to large players on both sides of the move. The report cited the BTC CVD indicator and said the group marked in purple had previously sold in a sustained way, helping push BTC lower, and is now buying back the coins it had reduced at lower levels. Another whale cohort, marked in red, has also continued to buy after the decline.
The analysis said these mid-to-large BTC whales may have been the main force behind the latest drop, but their positioning appears to have shifted once prices fell. Retail traders, by contrast, are still showing persistent selling. The report did not disclose specific price levels, volumes, or wallet identities, and framed the conclusion as an indicator-based market read rather than a confirmed attribution of all trading activity.
The crypto market saw a pullback on Oct. 7, according to BlockBeats. BTC CVD data showed that the whale cohort marked in purple had previously sold on a sustained basis, helping drive Bitcoin lower, and is now buying back the BTC it had earlier reduced at lower prices. The whale group marked in red has also kept buying after the decline.
The analysis said these mid-to-large BTC whales may have been the main force behind the latest drop, but turned to buying after the price pulled back. At the same time, retail investors are still showing a sustained selling trend.
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