In the latest TechFlow update, on February 26, Galaxy's research head Alex Thorn posted an analysis. According to the data of the last on-chain transaction supply (URPD) of BTC, there is almost no on-chain trading activity in the $75,000 to $85,000 range. This is because last November, the price of BTC quickly broke through this range. Alex pointed out that the market may retest this price range, and currently, the 200-day Moving Average is at $81,600. If the price falls to this area, this level may provide effective support.
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In the latest TechFlow update, on February 26, Galaxy's research head Alex Thorn posted an analysis. According to the data of the last on-chain transaction supply (URPD) of BTC, there is almost no on-chain trading activity in the $75,000 to $85,000 range. This is because last November, the price of BTC quickly broke through this range. Alex pointed out that the market may retest this price range, and currently, the 200-day Moving Average is at $81,600. If the price falls to this area, this level may provide effective support.