🚀 Bitcoin's Chip Structure Shows Gap, Raising Market Speculation
#Bitcoin #ChipStructure #MarketSpeculation #UTXO #PriceDistribution #CryptoTrends #Altcoins #MarketSentiment #InvestmentAnalysis #BTC
According to BlockBeats, on-chain data analyst Murphy has highlighted a notable gap in Bitcoin's chip structure, with the UTXO Realized Price Distribution (URPD) currently showing a gap between $111,000 and $115,000. Such gaps in chip structure are rare historically and often precede strong market trends.
For instance, on December 24, 2020, Bitcoin rapidly surged to $24,000, creating a gap between $19,000 and $22,000, eventually reaching a peak of $64,000. Similarly, on November 14, 2024, Bitcoin quickly rose to $87,000, forming a gap between $73,000 and $85,000, later climbing to a high of $106,000.
While traders should not assume that this current gap will necessarily lead to a strong trend, the inertia of market sentiment cannot be ignored. Once ignited, such sentiment tends not to stop abruptly. A key difference in the current scenario is that altcoins have not experienced widespread gains, with Bitcoin leading the charge, adding uncertainty to the sustainability of market sentiment.
Historically, all gaps in URPD have eventually been filled, though the timing remains uncertain. This analysis is shared for educational purposes and should not be considered investment advice.#Bitcoin #ChipStructure #MarketSpeculation #UTXO #PriceDistribution #CryptoTrends #Altcoins #MarketSentiment #InvestmentAnalysis #BTC
🚀 Ethereum's Chip Structure Analysis Reveals Strong Support Levels
#Ethereum #ETH #Solana #OnChain #OnChainAnalysis #CryptoAnalysis #MarketStructure #SupportLevels #Accumulation #PriceLevels #UnrealizedProfit #FloatingProfit #LongTermHolders #ChipStructure #ChipAnalysis #ETHPrice #EthereumPrice #SOL
According to BlockBeats, on-chain data analyst Murphy has released an analysis of Ethereum's (ETH) chip structure. The analysis indicates an inverted F-shaped structure, with significant accumulation at lower and middle price levels, but minimal at higher levels. The lowest range, between $49 and $396, still holds 13.5% of circulating chips after enduring eight years of challenging market conditions. The most accumulated range is between $2,425 and $2,970, accounting for 23% of circulating chips, marking it as ETH's strongest support zone.
Centered around the current price of $4,257, chips above this level constitute 7.52%, while the range below, from $3,405 to $4,257, holds only 10.1%. This suggests that during rapid price increases and subsequent corrections, ETH has not undergone sufficient turnover. As ETH prices continue to rise, despite the scarcity of trapped positions above, the unrealized profits of chips below are greater than those of SOL, potentially leading to increased theoretical selling pressure. This situation will test the consensus among ETH's main players and long-term holders. Approximately 1.39 million ETH are accumulated near the $4,257 mark, providing effective support.
Even during price surges, the stability of low-level chips demonstrates strong holding confidence. However, the accumulation of substantial floating profit space also poses a potential risk of selling pressure when profits become significant. This analysis is intended for educational purposes and should not be considered investment advice.#Ethereum #ETH #Solana #OnChain #OnChainAnalysis #CryptoAnalysis #MarketStructure #SupportLevels #Accumulation #PriceLevels #UnrealizedProfit #FloatingProfit #LongTermHolders #ChipStructure #ChipAnalysis #ETHPrice #EthereumPrice #SOL
🚀 SOL Price Dynamics Suggest Limited Resistance for Future Gains
#SOL #Solana #Crypto #PriceAnalysis #OnChain #Whales #UnrealizedProfit #ChipStructure #TrappedChips #PriceMovement #Resistance #Investing #Trading
According to BlockBeats, on-chain data analyst Murphy has highlighted the current state of SOL's chip structure, indicating that there are few trapped chips remaining above. During the last price correction, major players entered the market with costs ranging between $144 and $165, resulting in approximately 40%-50% unrealized profits. Despite significant purchases by major funds previously, the current situation may not have met their expected targets. Recent SOL price rebounds have seen limited profit realization by SOL whales, much smaller than during previous peak periods. If profitable chips below remain patient and do not rush to cash out, SOL's upward momentum may face minimal resistance. This analysis is intended for educational purposes and should not be considered investment advice.#SOL #Solana #Crypto #PriceAnalysis #OnChain #Whales #UnrealizedProfit #ChipStructure #TrappedChips #PriceMovement #Resistance #Investing #Trading
🚀 Significant Changes in BTC Funding Structure Observed
#BTC #fundingstructure #LongGamma #ShortGamma #GammaExposure #volatility #chipstructure #supportzone #BTCsupport #cryptoanalysis #URPD #dualanchorstructure
According to BlockBeats, on January 19, on-chain data analyst Murphy reported a significant shift in the BTC funding structure. Compared to January 12, the $88,000 Long Gamma has disappeared, transitioning to Short Gamma. Meanwhile, the $90,000 level maintains Long Gamma, but the Gamma Exposure (GEX) has decreased from $1.2 billion to $590 million, nearly halving. This indicates a substantial weakening of the support force generated by the funding structure between $88,000 and $90,000. Conversely, the GEX at $92,000 has surged to $1.4 billion, suggesting increased BTC volatility.
Analyzing the URPD data, the chip structure has not undergone significant changes, with a large accumulation of chips still present between $87,000 and $92,000. This range remains the strongest support zone, making it difficult to breach easily. However, if extreme conditions lead to a breakdown of this range, the probability of BTC filling the lower 'gap' increases significantly. According to the 'dual anchor structure' principle, the midpoint is approximately between $72,000 and $74,000.#BTC #fundingstructure #LongGamma #ShortGamma #GammaExposure #volatility #chipstructure #supportzone #BTCsupport #cryptoanalysis #URPD #dualanchorstructure
🚀 Bitcoin's Dual Anchor Structure Faces Challenges Amid Market Volatility
#Bitcoin #DualAnchorStructure #MarketVolatility #URPD #CryptoKOL #MarketCorrection #BearMarket #SupportEffect #ChipStructure #BTC #Resistance #PriceCorrection #CryptoAnalysis
Crypto KOL Murphy posted on X that the dual anchor structure of URPD has been tested for its effectiveness during multiple market corrections across various cycles, including the previous cycle's drop to the bear market low of $15,000. However, this recent correction, which entered the $72,000-$80,000 range—the midpoint of the dual anchor structure—did not exhibit a significant support effect. The price quickly broke through, indicating a lack of expected demand intervention at this level.
Murphy speculates two possible reasons for this: extreme market panic or an undisclosed sudden event. Regardless, the current chip structure suggests there is no clear support below the current price, and while there is some replenishment in the $72,000-$80,000 gap, it remains insufficient. This situation sets the stage for future developments.
For instance, if BTC returns to the $87,000-$92,000 range in the future, the abundance of chips in this area could create resistance. When the price corrects, as long as confidence is restored, the dual anchor structure's support effect may still manifest in the $72,000-$80,000 range.#Bitcoin #DualAnchorStructure #MarketVolatility #URPD #CryptoKOL #MarketCorrection #BearMarket #SupportEffect #ChipStructure #BTC #Resistance #PriceCorrection #CryptoAnalysis