Murphy
Murphy|Feb 28, 2026 03:53
According to URPD data, 171w BTC have changed hands in the range of $63000 to $68000, while just one week ago, the cumulative chips in this range were only 153w. This means that in just 7 days, bulls have taken over 18w BTC here. This forms a peculiar "U-shaped" structure with the stacking of 189w BTC in the range of $87000- $92000, with the middle 7.1-8w becoming the "neutral zone". This indicates that during the last rally (October 2024), there was no pause here and a rapid breakthrough occurred. And during this decline, it quickly fell below. (Figure 1: URPD_2026.2.28) Going back and forth, I just didn't stop and fully switch hands between July 1st and August 8th. It seems like this place has become an untouchable "forbidden zone", which is really a bit mystical (unprecedented)! But currently, the chips in the range of $63000 to $68000 are becoming increasingly thick, indicating that some people believe that BTC with a price starting at 6 is worth investing in, which will generate a support effect. With the reduction of LTH distribution, it is also expected to once again challenge the above-mentioned "gap". The only remaining high chip column with a current structure below $63000 is $16000, and to this day there are still 39.10000 BTC remaining (which have not been touched since the last bear bottom). I believe no one would think that BTC will fall back to $16000 in this bear market, right? Since it won't be $16000, once the range of $63000-$68000 is broken down, the resistance range below cannot be predicted temporarily. This will depend on where the bulls will rebuild their defense line, forming a "W-shaped" chip structure with the current accumulation area, haha That would also be a timeless wonder!
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