Retail investors are buying the dip despite a significant sell-off by a prominent crypto whale, which sold $323 million worth of Bitcoin (CRYPTO:BTC).

Early Thursday, Bitcoin’s price dropped to a two-month low of $57,800 before recovering to $59,000.

The crypto whale deposited large amounts of Bitcoin into Binance, signaling potential sales.

Despite these sell-offs, retail investors are bullish, purchasing Bitcoin under $60,000, according to Santiment.

Analysts advise patience and strategic disengagement, emphasizing the psychological aspects of trading in volatile markets.