[Coin World] Recently observed a rather interesting phenomenon - after Bitcoin pulled back to around $80,000, on-chain data shows that there is a significant accumulation of chips at this price level.
From the heatmap, the density in this area has surged to become one of the most concentrated positions on the entire chart. To put it simply, a significant amount of capital has been accumulated at this position.
What does this chip distribution often mean? If the subsequent price touches this range again, those buyers who just entered the market are likely to choose to defend the cost line and will not easily cut their losses. Therefore, the 80,000 dollar position is likely to evolve into a relatively strong support zone.
Of course, the market is ever-changing, and whether the support can hold depends on the subsequent volume. But at least from the perspective of chip distribution, there is indeed a certain amount of defensive strength accumulated here.
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AlphaBrain
· 18h ago
Is 80,000 really that intense? I feel like I heard something similar last week, and what happened?
It's all about the chips and the heat map, but in the end, it's still about whether it can break through or not.
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WhaleInTraining
· 18h ago
80,000 support sounds good, but the key is still that someone has to pay, otherwise it's just a paper tiger.
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AirdropHunter007
· 18h ago
Whether the 80,000 support can hold depends on how the market maker plays.
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PumpDetector
· 18h ago
ngl the 80k bagholders aren't exactly subtle... watched this play out at 60k too, spoiler alert didn't end well
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GateUser-c799715c
· 19h ago
There are too many sellers, can this obstacle of 80,000 really block the way? I think it's uncertain.
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MindsetExpander
· 19h ago
The 80,000 level is indeed being defended by some, but don't put too much faith in the theory of chips; a bearish belt hold can still break through.
After BTC pullback to 80,000, there is a chip accumulation. Will this position become a new support?
[Coin World] Recently observed a rather interesting phenomenon - after Bitcoin pulled back to around $80,000, on-chain data shows that there is a significant accumulation of chips at this price level.
From the heatmap, the density in this area has surged to become one of the most concentrated positions on the entire chart. To put it simply, a significant amount of capital has been accumulated at this position.
What does this chip distribution often mean? If the subsequent price touches this range again, those buyers who just entered the market are likely to choose to defend the cost line and will not easily cut their losses. Therefore, the 80,000 dollar position is likely to evolve into a relatively strong support zone.
Of course, the market is ever-changing, and whether the support can hold depends on the subsequent volume. But at least from the perspective of chip distribution, there is indeed a certain amount of defensive strength accumulated here.