CoinVoice has learned that, according to CoinDesk, under increasing macroeconomic pressure, BTC has fallen from a high range of $106,000 to below $103,000, followed by a slight rebound.
Santiment reports that current retail investor sentiment is at its most pessimistic level since the announcement of tariffs on Trump's Liberation Day in early April. However, due to the unusually strong wave of pessimism among retail investors, this may signal a price rebound as seen in past patterns, since Bitcoin often rebounds shortly after similar panic sentiments. Large investors often take advantage of retail sell-off periods to accumulate at better prices. The Federal Reserve's recent decision to maintain stable interest rates has further intensified market pressure. Over the past month, Bitcoin trading prices have 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 continuing to deleverage, while whale wallets have been steadily accumulating since 2023, suggesting that despite short-term uncertainties, large holders are still accumulating.
