Recently, backend issues have exploded—"BTC has reached 94,000 again, should we chase now or wait?" "Seeing retail investors all selling, should we follow and withdraw?" Here's the conclusion: this wave of market behavior strongly resembles a trap set by whales for retail investors, and what truly determines the thickness of your account is the ongoing transfer of chips happening right now.

Let's look at the hard data. According to Santiment, which has been monitored for years, since mid-December last year, large holders and institutions holding 10-10,000 BTC have been aggressively accumulating 56,227 BTC. During the same period, retail investors holding less than 0.01 BTC collectively acted within 24 hours—taking profits and cashing out. The scene is clear: smart big funds are setting a trap, first pushing retail investors to buy high, then slowly closing in.

Many retail investors are actually cautious, thinking "making a little profit is enough," afraid of getting caught in a trap. This caution is understandable, but many haven't grasped the underlying logic—this is not just a battle between bulls and bears, but a systematic transfer of chips from small investors to big funds. Over the past six weeks, BTC has repeatedly tested the 87,000-94,000 USD range, now stuck at the upper boundary. This isn't a lack of direction; it's big players "boiling the frog slowly," quietly building positions.

On the technical side, 95,000-100,000 USD is indeed a clear resistance zone. But more worth paying attention to is what is happening in the 88,000-94,000 USD area—supply is rapidly consolidating, which will determine the next phase of the trend.