[On-chain data shows BTC facing resistance in multiple ranges, with significant accumulation in the $84,000-$85,000 range] On-chain data analyst Murphy stated that the CBD (Cost Basis Distribution) heatmap indicates that the most densely concentrated resistance ranges for BTC are $94,000-$98,000 and $101,000-$118,000. Among these, $98,000 is the historical fair price, and $104,000 is the average cost for short-term holders. Recently, approximately 950,000 BTC have been accumulated in the $84,000-$85,000 range. After deducting around 550,000 BTC resulting from Coinbase's wallet reorganization on the 22nd, the remaining 400,000 BTC represent actual turnover, closely related to the recent accumulation behavior of whales during the downturn.