Analysis: BTC whales may be taking advantage of the recent market decline to accumulate at more favorable prices
ChainCatcher news, according to CoinDesk, in the face of increasing macroeconomic pressures, BTC has dropped from a high of $106,000 to below $103,000, followed by a slight rebound.Santiment reports that retail investor sentiment is currently at its most pessimistic level since the announcement of tariffs on Trump Liberation Day in early April. However, due to the unusually strong wave of retail pessimism, this may signal a price rebound according to past patterns, as Bitcoin has historically rebounded shortly after similar panic sentiments emerged, with large investors often taking advantage of retail sell-offs to accumulate at more favorable prices. The Federal Reserve's recent decision to maintain stable interest rates has further intensified market pressures. Over the past month, Bitcoin's trading price has remained within a relatively narrow range of $100,000 to $110,000. Meanwhile, on-chain indicators show that the number of open contracts on Binance is declining, indicating that derivatives traders are continuing to deleverage, while whale wallets have been steadily accumulating since 2023, suggesting that despite short-term uncertainties, large holders are still increasing their positions.