Analysis: High-level chips of Bitcoin show signs of loosening, and the extreme callback range is $98,000.00 to $104,000.00.
On October 16, on-chain data analyst Murphy, combined with UTXO Realized Price Distribution (URPD), shared the market chip distribution: high level (chip loosening and meat cutting at $117,000), a new huge chip column was generated at $112,000, meaning that a large amount of funds were bottom-fishing here, accumulating a total of 614,000 $BTC, which is also the highest column in the entire chip structure.
If $BTC continues to fluctuate downward, then based on the current chip structure, Murphy judges that "the extreme callback range will be between $98,000 and $104,000. Of course, the actual situation will be affected by macroeconomic policies, market sentiment, and unforeseen black swan events."
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Analysis: High-level chips of Bitcoin show signs of loosening, and the extreme callback range is $98,000.00 to $104,000.00.
On October 16, on-chain data analyst Murphy, combined with UTXO Realized Price Distribution (URPD), shared the market chip distribution: high level (chip loosening and meat cutting at $117,000), a new huge chip column was generated at $112,000, meaning that a large amount of funds were bottom-fishing here, accumulating a total of 614,000 BTC, which is also the highest column in the entire chip structure.
If BTC continues to fluctuate downward, then based on the current chip structure, Murphy judges that "the extreme callback range will be between $98,000 and $104,000. Of course, the actual situation will be affected by macroeconomic policies, market sentiment, and unforeseen black swan events."
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