Analysis: BTC giant whale may take advantage of the recent market decline to increase its holdings at a more favorable price

According to CoinDesk, in the context of increasing macroeconomic pressure, BTC fell from the high point of the $106,000 range 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 Trump's Liberation Day tariffs in early April, but because the current wave of retail pessimism is unusually strong, according to past patterns, it may herald a reverse signal of a price rally, as Bitcoin rebounded shortly after similar panic, as large investors often take advantage of periods of retail selling to increase their holdings at more favorable prices. The Federal Reserve's recent maintenance of interest rate stability has further exacerbated market pressure. Bitcoin has traded in a relatively narrow range of $100,000 to $110,000 over the past month. At the same time, on-chain indicators show that Binance's number of unpositioned squaring contracts is declining, indicating that derivatives traders are continuing to deleverage, while whale wallets have been steadily increasing their holdings since 2023, meaning that despite short-term uncertainties, large players continue to increase their holdings.