Chip distribution: BTC price has exceeded $79914.39, entering the chip sparse area

PRO chip distribution data shows that in the past 72 hours, 50% of BTC's traded chips were concentrated in the range of $78099.59 to $79914.39. Currently, BTC has broken through the upper edge of the dense area ($79914.39) and entered a relatively sparse area of chips. Historical data shows that when the price enters the chip sparsity stage, it is easy to accelerate the market, and it is necessary to focus on whether the price can stand firm in the new area to confirm the effectiveness of the breakthrough. PRO users can use the "Chip Distribution" indicator to confirm the change in trading volume at the time of breakthrough, in order to distinguish between true and false breakthroughs. The data is for reference only.