A Major Support Wall Forms for Bitcoin Between $94,300,$ and $100,250

Summary

According to BlockBeats, on-chain analyst Ali revealed that approximately 2.25 million wallets acquired 2.18 million BTC in the price area between $94,300,$ and $100,250. This massive accumulation suggests the formation of a crucial support wall for Bitcoin in this range.

This data highlights a significant concentration of buying, reflecting investor confidence in this area. This could play a key role in stabilizing Bitcoin prices even during sharp market fluctuations. This level therefore becomes a key point to watch for traders and investors, as it could influence future trends in the cryptocurrency market.

For the overall market, this dynamic reinforces the importance of this price range as a barometer of Bitcoin's resilience in the face of volatility.