BTC has returned to a 'value trap'. The so-called value trap is that it may seem cheap, but there may be even cheaper chips underneath. According to the AiCoin chip distribution chart, since 2020, 70% of BTC chips have been concentrated in the range of $15880 to $64915, with strong support in the low range. The current Bitcoin price has returned to this chip range. According to the general rule, when the price returns to the value zone, it often returns to the POC (the most densely traded price for chips), which is $19558. However, after the bull market of 2024-2025, a large number of new chips have formed at higher positions, and the overall chip center of gravity has actually shifted upward. The downward path and actual support are as follows: ⬇️ $ 60K~$55K: The top turnover area of the bull market in 2021+the intensive trading area in 2024, with the first layer of thick support, is likely to provide a buffer. ⬇️ $ 55K~$50K: The chips are relatively sparse, and once the $55K is lost, it may accelerate the downward trend. ⬇️ $ Below 50K: A truly strong bottom area! This is an important area for institutions to build positions in the previous bull market (such as Tesla, etc.)+bear bottom in 2022+intensive trading area for rebound in 2023, with a heavy accumulation of chips. So, the probability of BTC falling below $20K and returning to the POC chip is extremely low, which can serve as a long-term reassurance. Summary: BTC is currently in the long-term high-value zone, seemingly "cheap", but there is new cycle cost pressure above, and clear multi-layer support below. Chips won't deceive people, but they will be slowly digested by time. Short term fluctuations are inevitable, but from a long-term perspective, patience is often the best strategy. Distribution of Bitcoin chips