Analysis: Bitcoin is experiencing intense chip turnover at $87,000, indicating the market is about to choose a direction.

GateUser-6433627c · 2025-12-26T06:45:55+00:00

Data analyst Murphy pointed out that the chip distribution of Bitcoin in the $87,000 and $84,500 range is significant, indicating that the market may soon choose a direction. He believes that the current chip structure is bullish, and as long as the massive volume bars support it, the market trend will become clearer.

GateUser-6433627c

2025-12-26 06:45:55

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On December 26, data analyst Murphy stated that the Bitcoin cost distribution chart shows a significant chip distribution (massive volume bars) at $87,000 and $84,500, which are notably higher than other prices. After excluding the large wallet restructuring on CEX on November 22, the existing 1.12 million BTC in the $83,300-$84,500 range should have at least half of the genuine turnover. Therefore, $87,000 is the highest massive volume bar and currently the strongest support level in the chip structure. Based on past experience, when a large amount of chips are concentrated in a narrow range forming a massive volume bar, it indicates that the market is about to choose a direction. The essence of chip accumulation is disagreement between bulls and bears; when the game reaches a critical point, a victory or defeat is imminent. Murphy believes that from the perspective of chip structure, the outlook is bullish. As long as the massive volume bar can maintain effective support, the direction will become clearer.

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