Analysis: BTC fills the gap above $72k, and market confidence is gradually recovering

Mars Finance reports that on April 20th, on-chain data analyst Murphy stated that BTC has begun to fill the gap. This cycle features a “cursed” zone in BTC’s chip structure—between $72,000 and $80,000. Whether it’s an upward trend in 2024 or a decline in 2026, the price quickly passes through this zone, resulting in no chip turnover within this range, which causes a break in BTC’s chip structure.
Along with recent price fluctuations, the BTC gap is gradually narrowing to $78,000–$80,000, with nearly 200k BTC changing hands at the $76,000–$77k level on April 17–18.
Funds being accumulated here reflect a gradual restoration of market confidence. After full turnover, chips are evenly distributed along the price line, which helps accelerate the formation of a bottom structure.
Recently, during market volatility, the chip accumulation zone between $63,000 and $68,000 was not broken through, and the upper gap was successfully filled, indirectly increasing the probability that this zone will serve as the bottom range.