In the past two weeks, the BTC network has completed an important on-chain UTXO rotation. From the data:

The chip accumulation in the 61–64k range is quite solid. An additional 650,000 coins of concentrated buy-the-dip have been absorbed, bringing the total accumulation to 64k coins. This is also why the lower key node has been unable to break down for so long; as long as the price stays above this range, there is a basis for further rebounds.

Note that these holdings are dominated by short-term chips and are highly unstable. Once the price breaks below the cost basis of the holdings, they can easily turn into selling pressure. Below 58k is a true liquidity void with no passive buy orders. Any downward move will be extremely sharp—if the price falls back below 61k, it will continue to hit the market and then complete the last leg of the bear market selloff.