Whale Jasonleo, known as "Set 10 Big Goals," said late at night that the most important question in Bitcoin's current pullback is not how much it has fallen, but why it has dropped so little. According to ChainCatcher, he said the move comes as 30-year U.S. Treasury yields approach 5.7%, 10-year yields are around 5.3%, expectations for another rate hike this year are rising, and oil prices and inflation pressures are climbing again, yet Bitcoin has still corrected by only about 5%.

Jasonleo said price reaction to news is itself important information. He argued that while Bitcoin has often fallen more than 10% when a single macro headwind appears, the current market has held up despite multiple negative factors, suggesting the uptrend still has resilience. He compared the move with Bitcoin's earlier bottom around $58,000 and said both periods showed selling pressure easing after bad news was fully priced in, but the market remains in a strong trend. He said he does not expect Bitcoin to drop directly to $78,000 or even $74,000, and set $79,000 as a level to watch for reducing positions. If Bitcoin falls below $79,000, he will start trimming; if the daily close falls below $78,000, he will exit the remaining long positions and wait for the next entry opportunity. If key levels are not broken, he will continue holding long positions.