On-Chain Analyst Murphy Analysis


Short-term holders with a 1-3 month holding period have an average cost of approximately $75,400, near the current price
In this downward trend, BTC has rebounded twice close to this resistance level
The last rebound near this level occurred between January 13 and January 19, where a slight breakout triggered selling pressure and continued to decline
Based on historical data, analysts believe there is a high probability of another pullback
Additionally, there is a possibility that BTC could break through and encounter a stronger resistance level above, which is the average cost line of short-term holders
Currently, about 2.31 million BTC are around $81,000; if BTC faces resistance here after rising, the market will need time to absorb selling pressure and cautiously choose a direction
BTC-1,03%
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