PANews, June 21 - According to CoinDesk, amid increasing macroeconomic pressure, BTC has fallen 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's Liberation Day in early April. However, due to the exceptionally strong current wave of retail pessimism, it may signal a price rebound according to past patterns, as Bitcoin has previously rebounded soon 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 exacerbated market pressure. 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 decreasing, indicating that derivatives traders are continuously deleveraging, while whale wallets have been steadily accumulating since 2023, suggesting that despite short-term uncertainties, large holders are continuing to accumulate.
