Recent activity in the Bitcoin market has generated significant attention, with a large transaction reaching almost $206 million, highlighting the dynamics of whale behavior. This massive transfer of 2,000 BTC, not linked to exchanges, raises questions about long-term investment strategies and potential market shifts. The lack of connection with exchanges suggests two possible scenarios: either whales are moving funds to secure wallets for future accumulation or engaging in OTC trades, which traditionally do not directly impact prices. 🕵️♀️ However, the larger picture reveals a shift in investor sentiment. Glassnode data shows large wallets continue accumulating, but smaller investors are selling into strength, with their exits contributing to exchange netflows turning positive. This trend suggests that, while Bitcoin remains strong, pressure from retail investors is also evident.