Bitcoin's price fell to a six-week low of $72,728, continuing its bearish trend with a 3.2% daily drop and a 5% weekly decline. Despite the downturn, whale investor Garret Jin increased his long position to 1,268 BTC, valued at $94.4 million, to mitigate liquidation risks. This move comes as total long liquidations in the market surged to $348 million, highlighting the intense pressure on leveraged positions. Data from CryptoQuant indicates that while Bitcoin whales remain active in the futures market, their order volumes have decreased, reflecting a risk-off sentiment. The derivatives buy-sell ratio dropped to 0.9, suggesting seller dominance. As the market faces potential further declines, Bitcoin's support at $70,500 is at risk unless the market stabilizes and excessive leverage is reduced.