Odaily Planet Daily News Chain data analyst Murphy shared the market chip distribution based on the UTXO realized price distribution (URPD): Compared with yesterday's data, URPD added 53,000 BTC at around US$104,700, close to the "extreme callback range of US$98,000 to US$104,000", and traders waiting to buy the bottom are preparing to "hit the ball".

Yesterday's data showed that BTC holdings experienced a sell-off at a high of $117,000, with a new, massive holding column forming at $112,000. This indicates a significant amount of capital is buying the dip here, with a total accumulation of 614,000 BTC, currently the highest column in the overall holdings structure. If BTC continues to fluctuate downward, based on the current holdings structure, Murphy predicts that "the extreme correction range will be between $98,000 and $104,000. Of course, the actual situation will be influenced by factors such as macroeconomic policies, market sentiment, and unforeseen black swan events."