Recently, the price movement of Bitcoin has attracted market follow. A month ago, due to the rapid rise in Bitcoin's price, there was very little trading in the range of $112,000 to $114,000, resulting in a gap in the chip structure. However, as of August 27, this gap has been completely filled, forming a large chip accumulation area from $93,000 to $118,000.

In this newly formed range, up to 5.59 million Bitcoins have been accumulated. This means that in just 9 months since November 20, 2024, over 5 million Bitcoins have been purchased within this price range, accounting for 28% of the total circulation. If we exclude lost coins and those held by Satoshi Nakamoto, which are long-term locked coins, this proportion could be even higher.

This phenomenon of chip concentration has a significant impact on Bitcoin's price movement. Unless a major unforeseen event occurs, it is difficult for Bitcoin's price to fall below this range. Currently, Bitcoin is supported around $108,000, with an additional 42 Bitcoins providing support at $104,000 below.

It is worth noting that the current chip structure of Bitcoin has no obvious fractures, with only a small gap existing between 72,000 and 80,000 dollars. This chip distribution situation provides important reference for future price movement.

The changes in the Bitcoin market reflect shifts in investor behavior and market sentiment. A large amount of capital has entered the market at relatively high levels, demonstrating investors' confidence in the long-term value of Bitcoin. However, market participants still need to exercise caution and closely monitor various factors that may impact price movement.