BTC retraced from 97155 to 95463, but there's an interesting logic behind this decline worth pondering.

Data from whale addresses provides a clear explanation. The bullish camp has 514 giant whales versus 163 bears, a 3:1 overwhelming advantage in number. The position values are even more exaggerated — bullish side holds $3.18 billion, while bears only have $720 million, a gap of nearly 4.4 times. In other words, large funds are clearly on the bullish side.

The key observation is that, despite the price falling, the floating profits and profit ratios of the bullish whales have remained basically unchanged. What does this indicate? It’s not that big players are dumping and running, but rather that profit-taking or technical retracements are happening. In contrast, although the bears’ average cost is around 91,471, and they appear to have floating profits on paper, their strength is too weak — more like retail investors or hedging positions taking the other side.

In this scenario, the fact that big funds haven't withdrawn suggests that the downside space isn't too deep. Rather than seeing this as a major crash, it’s better understood as an opportunity for those who missed the boat to jump in.

Trading advice is to buy in stages within the 95,000-95,200 range, with a stop-loss set at 94,500. If it truly breaks below 94,500, then wait and see for stronger support levels. The risk level is set to medium, requiring strict stop-loss execution.