From on-chain data, the BTC chip distribution is very stable, with the largest holding range between $93,000 and $98,000, accumulating 2.44 million coins. If BTC fails to surge and experiences a correction, the short-term support is between $100,000 and $101,500, while $93,000 to $98,000 is the first line of defense.

Do you think the price will go up and then come down? Not for now. However, a step back for adjustment is certainly unavoidable. Since the US markets are closed on Saturday and Sunday, as of May 16, BTC ETF has seen a net inflow of $260 million, continuing three days of net inflow. Additionally, a giant whale address also bought $226 million worth of BTC. MicroStrategy founder Michael Saylor released a BTC tracker yesterday, indicating that institutions and large holders are still bottom-fishing.

Bottom-fishing is not over, and the market is not over either. #美国加征关税 #山寨季何时到来？ #以太坊安全计划