According to ChainCatcher, on-chain analyst Ali revealed that Bitcoin has important support in the $93,580 area. Data shows that about 667,000 addresses have purchased a total of about 504,000 BTC in this price range, which means that a large number of investors hold Bitcoin at this price. In order to avoid panic selling by these holders, the price of Bitcoin needs to stabilize this key support level. Market observers will pay close attention to this development to determine whether future price trends will be affected. On-chain data analysis is particularly important at this time, providing investors with valuable market insights.