According to online reports, according to CoinDesk, amid increasing macroeconomic pressure, BTC fell from a high in the US$106,000 range to below US$103,000, and then rebounded slightly. Sanitation reported that retail investor sentiment is currently at the most pessimistic level since the announcement of Trump's Liberation Day tariffs in early April. However, due to the extremely strong current wave of retail pessimism, based on past patterns, it may signal a reverse signal for a price rebound, because Bitcoin rebounded shortly after similar panic emerged, as large investors often used the period of retail sell-off to increase holdings at more favorable prices. The Federal Reserve has recently maintained stable interest rates, further exacerbating market pressure. Over the past month, bitcoin trading prices have remained within a relatively narrow range of $100,000 to $110,000. At the same time, on-chain indicators show that Binance's open interest is declining, indicating that derivatives traders are continuing to deleveraging, while Whale Wallet has been steadily increasing its holdings since 2023, meaning that despite short-term uncertainties, large companies continue to increase their holdings.