#比特币市场动态 Recently, by monitoring on-chain data, I discovered an interesting phenomenon—long-term holders are conducting epic distributions, and the cost structure of BTC chips has undergone significant changes.

The core situation is as follows: the 80,000-90,000 USD range now holds 2.536 million BTC, becoming the strongest support zone. Meanwhile, those old hands with costs in the 60,000-70,000 USD range are rushing to cash out and exit due to the four-year cycle theory and various market concerns, representing the largest volume of sell-offs.

What does this mean for us? The profit-taking orders below are rapidly decreasing, and the trapped positions above are also being digested. Especially in the 70,000-80,000 USD price range, only 190,000 BTC remain, which is a relatively vacant zone—if the price really drops to this level, it’s likely to attract new liquidity to provide support.

In simple terms, this is a period of observation. The distribution behavior of long-term holders will continue to shape the market pattern, and what we need to do is track the flow of these chips to find suitable interaction points. Don’t stop engaging with airdrop projects either; market volatility is actually a golden window for gains—low cost, high interaction. Once the market stabilizes, the returns will be more evident.