According to Jinse Finance, amid mounting macroeconomic pressures, BTC has dropped from its high of $106,000 to below $103,000, followed by a slight rebound. A Santiment report indicates that retail investor sentiment is now at its most pessimistic level since the announcement of tariffs on Trump Liberation Day in early April. However, given the unusually strong bearish sentiment among retail investors this time, historical patterns suggest this could be a contrarian indicator for a price rebound. In the past, Bitcoin has often rebounded shortly after similar waves of panic, as large investors frequently take advantage of retail sell-offs to accumulate at more favorable prices.