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Data: Significant On-Chain Accumulation of chips occurred in the $84,000 to $85,000 range, with two remaining resistance levels above.
BlockBeats News, November 28th. On-chain data analyst Murphy stated that the Cost Basis Distribution (CBD) heatmap shows that the current most densely populated chip ranges are at two intervals, namely $94,000-$98,000 and $101,000-$118,000, representing the price levels where BTC will face resistance during a rebound. Among them, $98,000 is the historical fair price, and $104,000 is the average cost for short-term holders.
In addition, there has been a significant accumulation of chips in the $84,000-$85,000 range recently, totaling about 950,000 BTC. Excluding the data generated by Coinbase's wallet consolidation on the 22nd (roughly 550,000 BTC), the remaining 400,000 BTC represent actual turnover and are closely related to whales increasing their holdings during the recent price drop.
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