Markets are all watching the $60,000 round number, but analyst Murphy's chip structure analysis indicates that Bitcoin's true bottom foundation may be around $66,000.

This level has accumulated approximately 440k BTC in turnover, with 240k of those transactions occurring between February and April.
In comparison, $60,000 is just a dip low point, and the turnover is not sufficient.
More importantly, the chip share in the $65,000-$78,000 range currently reaches 13.8%, although below the 18.7% before the FTX collapse, but traditional funds like ETFs and MicroStrategy have already locked about 13% of circulating chips at relatively high levels.
These funds are unlikely to exit easily, providing structural support for the bottom.
The $78,000-$82,000 range has insufficient turnover, and market divergence still needs to be digested.
This means there may still be fluctuations in the short term, but the bottom structure is being solidified.
Counter risk: If the macro environment worsens (for example, stronger-than-expected non-farm payroll data), liquidity tightening could trigger a secondary pullback.
Whether $66,000 can hold at that time depends on whether the turnover is sufficient.
$btc