#夏日创作营 Over the past two weeks, the BTC chain has seen an important on-chain churning of coins. From the data:


The range of 61–64k has a fairly good accumulation of chips. It added 650,000 coins of concentrated absorption, bringing the total buildup to 64k coins—this is also why the key node below has been unable to break down for a long time. With the price above this range, there is a basis for continued rebounds.

Note that these chips are dominated by short-term holdings, so positions are unstable. Once they fall below their cost basis, they can easily turn into sell pressure. And below 58k is a chip vacuum zone with no passive buy orders; any sharp sell-off will be extremely rapid. If the price drops back below 61k, it will keep dumping, and then complete the final leg of the bear market.
BTC-1.00%
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