Recent price drops in Bitcoin have triggered significant unease among short-term investors, leading to increased selling pressure. Data suggests that both large and individual investors are showing a strong lack of confidence, contributing to the market downturn. 
Bitcoin’s price has dipped by approximately 1.4% in the past week, hitting its lowest point of $81,000. This drop reflects anxieties among short-term investors as reflected in high volatility and a decrease in Bitcoin’s MVRV ratio, which suggests selling pressure at current levels. The market behavior of both retail traders (individuals) and whales (large investors) is also contributing to the bearish sentiment. 
As whales continue to sell their holdings on exchanges, we can observe a clear shift toward increased selling activity among investors. This trend has led to an increase in netflow for exchange Bitcoin, indicating a significant turn towards panic selling. However, despite this uncertainty and potential drop, there’s a possibility that the market will see a bounce back if more buyers step in and the fear subsides, leading to potential price rallies. .