Analyst: A large accumulation of chips has occurred in the range of $84,000 to $85,000, with two resistance zones still above

On-chain data analyst Murphy stated that the CBD (Cost Basis Distribution) heatmap shows that there are currently two densest ranges of chips, which are $94,000-$98,000 and $101,000-$118,000, representing the ranges where BTC will face resistance during the rebound. Among them, $98,000 is the historical fair price, and $104,000 is the average cost for short-term holders.

In addition, a large accumulation of chips has recently occurred in the $84,000-$85,000 range, with approximately 950,000 BTC. After excluding the data generated by Coinbase's wallet reorganization on the 22nd (approximately 550,000 BTC), the remaining 400,000 BTC represents real turnover, closely related to the recent increase in holdings by large whales during the downturn.