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Onchain $BTC
This chart shows onchain cost basis levels where different classes of BTC holders are positioned. It’s built from realized price data, not price action. F1 around 81k is the short-term holder cluster. F2 is a low-volume gap. F3 is where institutional buyers and ETF flows are likely anchored, around 65-68k. F4 is the long-term holder realized price zone at 56-60k, the last line of defense in macro terms. It doesn’t show liquidations, open interest, or footprint behavior.