Is it really necessary for Bitcoin to return to 90,000-92,000? It feels like it won't go back down because the whales directly broke through 90,000-92,000, and not many retail investors got in. Is it really necessary to pull back to 92,000 to let retail investors onboard? It seems that above 92,000, it will consolidate until news comes out; institutions should not have significant liquidity issues swallowing up 96,000.

Is there anyone who can read the data? Is the current liquidity below driven by institutions or retail investors?