According to external sources, bitcoin has returned from an estimated $6.22 million to $8.15 million this month, with the latest trade zone returning to the vicinity of $77,000. According to the article, the focus of the round was not only on price per se, but also on changes in the currency holding structure: large addresses continued to absorb sales boards, while small addresses were reduced in the course of the increase.
The silo split into short-line focus.
The report mentions that the possession of 0.1 to 1 BTC wallets, which at one time reached -0.982 - has shown that this group prefers to sell rather than continue to grow. In contrast, larger purses show a greater willingness to absorb during the upswing.
According to the article, this differentiation does not necessarily mean a weakening of the situation. If the market is largely taken over by large holders, the flow of currency is more likely to shift from short-line holders to longer-cycle investors. As a result, the current recall is more appropriate to observe the behaviour of the holder than just price fluctuations.
$738.8 million is considered critical support
It lists US$ 73,880 as the most important lower position at the moment, corresponding to the -0.5 interval in the MVRV pricing belt. This indicator is used to measure the relationship between market value and its achievement and to observe where the market valuation is.
If Bitcoin continues to be on this side, the article argues that the recent fall is more like an upswing, rather than a reversal of the trend. On the contrary, if this position is lost, the strong structure after the previous breakthrough will be significantly weakened, and the market may re-evaluate the sustainability of the rebound.
- Key support position: approximately US$ 73,880
- Current area of concern: around US$ 77,570
- High-point regions for the prior period: $81,000 to $84,000
84,000 dollars up there. And...
It was reported that Bitcoin had previously breached a long-standing sorting room of between $60,000 and $70,000, and then quickly went up to $81,000 and $84,000, but has yet to establish a clear and stable position in the area.
According to the article, if the solar line level is again breached by $84,000, with a larger trade, the purchaser regains ownership of the upper zone, and $100,000 will be the main observation target. At the same time, kinetic energy indicators remain high in the near future, indicating that there is no significant retreat in the purchase, but short-lines may continue to be organized and then attempt to attack.