Over the past two weeks, the BTC on-chain market has completed an important turnover of chips. From the data:

The chip accumulation in the 61–64k range is quite solid. There has been a new concentrated absorption of 650,000 coins, bringing the total accumulation to 64k coins—this is also why the lower key node has been unable to break down for a long time. As long as the price stays above this range, it has a foundation for further rebounds.

Note that these chips are dominated by short-term holders, and the positions are unstable. Once the price breaks below the cost basis, they can easily turn into selling pressure. Below 58k there is a true chip vacuum zone, with no passive buy orders—any downside move will be extremely sharp. If the price falls back below 61k, it will continue to be sold off, and then complete the market’s final drop in the bear cycle. #USDT充值理财双重奏 $BTC