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Analysis: BTC Whales May Be Accumulating at More Favorable Prices Amid Recent Market Downturn

Analysis: BTC Whales May Be Accumulating at More Favorable Prices Amid Recent Market Downturn

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ChaincatcherChaincatcher2025/06/21 10:42

According to ChainCatcher, citing a report from CoinDesk, amid mounting macroeconomic pressures, BTC has dropped from a high of $106,000 to below $103,000, followed by a slight rebound.

A Santiment report indicates that retail investor sentiment is currently at its most pessimistic level since the announcement of Trump’s Liberation Day tariffs in early April. However, given the unusually strong wave of retail pessimism, this could signal a potential price rebound based on historical patterns, as Bitcoin has often rebounded shortly after similar episodes of panic, with large investors frequently taking advantage of retail sell-offs to accumulate at more favorable prices. The Federal Reserve’s recent decision to keep interest rates steady has further intensified market pressure. Over the past month, Bitcoin has traded within a relatively narrow range between $100,000 and $110,000. Meanwhile, on-chain indicators show that the number of open interest contracts on Binance is declining, suggesting that derivatives traders are continuing to deleverage, while whale wallets have been steadily accumulating since 2023. This indicates that despite short-term uncertainty, large holders are still increasing their positions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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