Bitcoin is trading around $73,000, and when looking at chain data, something interesting is happening. You can see selling pressure increasing from wallets of all sizes. Especially, wallets in the 10 BTC class are becoming more active.

In the short term, it feels like we’ve entered a correction phase. The fact that profit-taking is happening broadly from large to small investors might be a sign that market sentiment is cooling off a bit. Looking at the charts over the past few days, the selling pressure is quite noticeable.

Well, in such situations, it’s probably safest to wait and see. It’s wise to monitor the market’s reaction until the selling pressure eases.