Most Critical Levels in Bitcoin Have Been Determined – They Are Defining the Bear and Bull

According to the Bitcoin Cost Base Distribution (CBD) heat map shared by analyst Murphy, the areas with the heaviest trading volume of the BTC price are in the $94,000–$98,000 and $101,000–$118,000 range. These levels correspond, respectively, to the historical “fair price” of $98,000 and the average cost for short-term investors of $104,000. According to the analyst, these areas stand out as critical reference points during market transitions between bull and bear periods. Related News: Major Altcoin Whales Are Very Active: Here Are Their Transactions and Purchases The data also shows that a total of 950,000 BTC was accumulated in the $84,000-$85,000 range between November 21st and 23rd. Of this amount, 550,000 BTC were attributed to Coinbase wallet merges, while 400,000 BTC were reportedly genuine buy-sell transactions and may be related to large investor (whale) movements. The CBD method offers a significant advantage in analyzing coin distribution in the market because it uses address-based calculations. According to current data, Bitcoin is trading at $91,326. Having seen a 0.13% decrease in the last 24 hours and a 10.85% increase in the last week, BTC's total market capitalization stands at $1.82 trillion. *This is not investment advice. Continue Reading: Most Critical Levels in Bitcoin Have Been Determined – They Are Defining the Bear and Bull