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
