Bitcoin<\/a> (BTC)<\/strong> has retreated 6%<\/strong> since its record high on August 14th<\/strong>, remaining down 3% this week<\/strong> and 2.5% this month<\/strong>. After a meteoric recovery that propelled it from $97,000 in late May<\/strong> to new heights in August, this pullback marks a cooling of the market<\/a><\/strong>.<\/p>\n\n\n\n The community remains divided : Is this a healthy correction within a bullish trend, or the beginning of a deeper pullback ? The answer might well be found in the movements of major players<\/strong>. Exchange-traded funds (ETFs)<\/strong> recorded net outflows of $121M on August 18th<\/strong>, bringing the monthly total to nearly $140M<\/strong>. This stands in stark contrast to Ethereum<\/a>, which attracted a record $2.83B in inflows<\/strong>.<\/p>\n\n\n\n Meanwhile, whales<\/strong> are accumulating: 10,000 to 100,000 BTC<\/strong> added, representing more than 20,000 BTC<\/strong> since last week. In total, over 225,000 BTC<\/strong> have been accumulated since March, a signal often linked to a bullish reversal<\/strong>.<\/p>\n\n\n\n