[Analysis: Bitcoin Shows Intense Chip Turnover at $87,000, Indicating Market is About to Choose a Direction] BlockBeats News, December 26, data analyst Murphy stated that Bitcoin's cost distribution chart shows significantly higher chip distribution (large volume bars) at $87,000 and $84,500 compared to other price levels. After excluding the factor of Coinbase's large-scale wallet reorganization on November 22, there are currently 1.12 million BTC in the $83,300-$84,500 range, of which the actual turnover should be reduced by at least half. Therefore, $87,000 represents the largest volume bar and is currently the strongest support level in the chip structure. Based on past experience, when a large number of chips are concentrated in a narrow range forming a large volume bar, it often indicates that the market is about to choose a direction. The essence of chip accumulation is the divergence between bulls and bears, and when the game reaches a critical point, a winner will emerge. Murphy believes that from the perspective of the current chip structure, the outlook is bullish. As long as the effective support function of the large volume bar can be maintained, the direction will become clearer.