I would like to explain what Murphy meant in a simpler way. Currently, the range between $62,500 and $64,000 is a large accumulation area for #BTC. This $1,500 range gathers more than 1.27 million BTC, of ​​which nearly half are short-term holdings, that is, investors who hold positions for less than 155 days. To put it in more human terms, the current accumulation is due to the small change in price, which leads to excessive concentration of chips. These accumulated chips will gradually change with the change in price. Why do I say this? You can see how the accumulation was just a week ago. It can be clearly seen from the figure that a week ago, a large number of chips were still accumulated below $60,000 due to price reasons, so the gap between this accumulation and $16,000 is very large. $16,000 has been a very long time since this cycle, and this part of the chips has been long-term holdings. It can be seen that even when the price of BTC dropped to $49,000, there was almost no change. Therefore, only when this "giant column" is precipitated or digested will it affect the price less. So will this position become resistance? This is very likely. As we said before, these are mainly short-term chips. When the price changes, they are likely to leave the market, both rising and falling. Therefore, the more such giant columns there are, the higher the risk. I remember that in 2023, the stock of a single price exceeded 1.2 million. At this time, the risk basically rose sharply. When this level of accumulation occurs, it is often the time to make a decision on the trend. Think about it. More than 1.2 million are concentrated in one price range, so the current price is 1.27 million, which is relatively safe. Finally, many friends said that the price of $64,000 to $69,000 has been precipitated for too long. Will it become resistance? In fact, from the data, the chips in this range are almost zero. The daily departure does not exceed 10% of the total turnover, so the impact is very limited. TIA SUI SEI NEIRO #AI概念币普涨 #BNBChain与Telegram集成 #比特币盈利供应能否推动价格上涨？