On-chain data shows that Bitcoin has a strong supply wall between $60,300 and $62,155 that may prevent the price from falling. Analysis shows that within this price range, the purchasing density of currency holders is particularly high, providing important support for Bitcoin. This means that despite the price decline, investors buying within this range are likely to increase their holdings, providing support for the price. The large number of holdings in this area indicates that investors are optimistic about future prices and may be a key factor in preventing further price declines.