Recently, I’ve been analyzing BTC’s price movement data and found some insights. According to on-chain indicators, BTC only stayed in the $70,000-$80,000 range for 28 days, and only about 49 days in the $80,000-$90,000 range. In comparison, it lingered in the $30,000-$50,000 range for nearly 200 days. This difference is truly remarkable.
More importantly, from a supply perspective—there isn’t enough accumulation of chips at the higher levels. In other words, the support strength at the $70,000-$80,000 high range is not as solid as it was in the $50,000-$70,000 range. This really explains the situation well.
If the market really undergoes a correction, my judgment is that this range will likely need more time to consolidate. It may go through several rounds of turnover and redistribution before the chip distribution becomes more balanced and the support more stable. After all, without sufficient capital accumulation here, relying solely on existing chips to withstand large fluctuations is quite challenging in reality.
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ruggedNotShrugged
· 3h ago
A quick glance reveals that high-position chips are fake; they will eventually come back to grind the bottom.
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SchrodingerWallet
· 7h ago
Uh... this logic doesn't quite hold up. A short stay at high levels doesn't necessarily mean the chips are unstable.
The faster the sell-off, the more people there are. Have you reversed your analysis?
What do 28 days and 49 days indicate? It means everyone wants to sell, right? Is that called healthy?
Wait, are you saying it has to keep falling to settle? Then the people buying now are really unfortunate.
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LiquiditySurfer
· 7h ago
Hi, this wave moved too quickly, no accumulation, it feels like it deflates as soon as you poke it.
Haha, it's another story of "not enough solid chips." I bet this correction will be very frustrating.
It's basically just no one willing to buy at the high levels, a side effect of insufficient liquidity depth.
From 7 to 9 in just a month, at this speed, it indeed takes more time to bottom out; otherwise, the support won't hold.
Without capital accumulation, just tough it out. Brother, I trust your judgment, but there will need to be repeated shakeouts later.
The surf point isn't chosen correctly; now we just have to wait for the turnover to complete. It's a bit annoying.
That's why I prefer market making in areas with deep liquidity. High levels are really not suitable for me with this kind of trivial play.
Interesting, it shot up in just 28 days, but the foundation is hollow... this correction will definitely bottom out repeatedly.
Uneven chip distribution, blown over by the wind, let's keep observing, everyone.
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WalletManager
· 8h ago
In simple terms, it's just that the rush was too fast, the chips didn't settle enough, and it appears bloated at high levels. When the correction comes, no one will buy in.
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MintMaster
· 8h ago
I agree with this logic. No chips at high levels just means a false rise; it will eventually come back down.
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CryptoSourGrape
· 8h ago
If I had known that 70,000-80,000 was so fake, I wouldn't have been so eager to chase the high... Now looking at the sparse distribution of chips, I really regret it to death.
Recently, I’ve been analyzing BTC’s price movement data and found some insights. According to on-chain indicators, BTC only stayed in the $70,000-$80,000 range for 28 days, and only about 49 days in the $80,000-$90,000 range. In comparison, it lingered in the $30,000-$50,000 range for nearly 200 days. This difference is truly remarkable.
More importantly, from a supply perspective—there isn’t enough accumulation of chips at the higher levels. In other words, the support strength at the $70,000-$80,000 high range is not as solid as it was in the $50,000-$70,000 range. This really explains the situation well.
If the market really undergoes a correction, my judgment is that this range will likely need more time to consolidate. It may go through several rounds of turnover and redistribution before the chip distribution becomes more balanced and the support more stable. After all, without sufficient capital accumulation here, relying solely on existing chips to withstand large fluctuations is quite challenging in reality.