I'm looking at this BTC data and finding it quite interesting! Investing and Glassnode show that it only stayed in the 70,000-80,000 USD range for 28 days, and only 49 days in the 80,000-90,000 USD range. This is a far cry from the nearly 200 days it spent in the 30,000-50,000 USD range. Looking at URPD data, the supply in the 70,000-80,000 USD range hasn't accumulated much either. It's very clear — the support in this high range isn't as solid as it was in the 50,000-70,000 USD range before.

I think if the market really pulls back, this range will probably need to be tested for a while, with multiple attempts to stabilize. After all, there isn't enough capital consolidating here, and relying on existing chips to withstand volatility isn't very realistic.
#圣诞节 #btc