Since the beginning of February, the number of bitcoin wallets with at least 1,000 BTC has decreased by 8%. Retail investors and whales have been active in profit-taking over the last few weeks, according to data gathered by on-chain analytics firm Glassnode. Lark Davis, a well-known trader and market analyst, had a similar take on the drop in "rich list" addresses, saying it did not mean the bull market was coming to an end.