[Analyst: Bitcoin CVD Indicator Shows Whales Selling and Replenishing, Retail Investors Still Selling] According to Gold Finance's report on October 7, X platform analyst CW stated that the Bitcoin CVD indicator reveals selling activity from 'purple whales.' These purple whales initially sold off to push prices lower and are now replenishing their Bitcoin holdings after the drop. 'Red whales' are also continuing to buy after the decline; these medium-to-large whales had previously triggered this round of price drops and are now shifting to buying. In contrast, retail investors are still showing a selling trend.