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Recently, I’ve been analyzing BTC’s price movement data and found some insights. According to on-chain indicators, BTC only stayed in the $70,000-$80,000 range for 28 days, and only about 49 days in the $80,000-$90,000 range. In comparison, it lingered in the $30,000-$50,000 range for nearly 200 days. This difference is truly remarkable.
More importantly, from a supply perspective—there isn’t enough accumulation of chips at the higher levels. In other words, the support strength at the $70,000-$80,000 high range is not as solid as it was in the $50,000-$70,000 range. This really explains the situation well.
If the market really undergoes a correction, my judgment is that this range will likely need more time to consolidate. It may go through several rounds of turnover and redistribution before the chip distribution becomes more balanced and the support more stable. After all, without sufficient capital accumulation here, relying solely on existing chips to withstand large fluctuations is quite challenging in reality.