🪙 $BTC
On-Chain Update: Watching the Key Support Zone!
📊 Current Market Structure:
BTC is currently testing the $65,000 to $71,400 support region.
Looking at the UTXO Realized Price Distribution (URPD) chart—which shows where coins last moved—we can clearly see how large volume clusters act as strong psychological and technical support or resistance levels.
🔍 Key On-Chain Metric to Watch:
Around 417,000 BTC have their cost basis concentrated right between $64,000 and $65,000.
This massive accumulation cluster forms a major downside defense zone that I'm closely monitoring if the market dips further.
💡 What's your take? Do you think this support will hold firm, or are we heading lower before the next leg up? Let me know your thoughts in the comments! 👇
#bitcoin #BTC #CryptoAnalysis #onchaindata #Trading
On-Chain Update: Watching the Key Support Zone!
📊 Current Market Structure:
BTC is currently testing the $65,000 to $71,400 support region.
Looking at the UTXO Realized Price Distribution (URPD) chart—which shows where coins last moved—we can clearly see how large volume clusters act as strong psychological and technical support or resistance levels.
🔍 Key On-Chain Metric to Watch:
Around 417,000 BTC have their cost basis concentrated right between $64,000 and $65,000.
This massive accumulation cluster forms a major downside defense zone that I'm closely monitoring if the market dips further.
💡 What's your take? Do you think this support will hold firm, or are we heading lower before the next leg up? Let me know your thoughts in the comments! 👇
#bitcoin #BTC #CryptoAnalysis #onchaindata #Trading
