Analysis: Retail investors continue to increase their holdings of Bitcoin, but whales reducing their positions may limit the rebound potential

According to CoinDesk, the current Bitcoin price fluctuates in the mid-$60,000 range. Market views suggest that retail buying can provide some "bottom support" for the market and bring short-term momentum, but for a sustainable rebound to occur, large holders need to stop distributing and even start net buying.

Analysis indicates that there is no lack of retail participation in Bitcoin at present; the key lies in whether the whales will stop selling pressure and shift to structural buying. Otherwise, each rebound may face the risk of being sold off at high levels.