According to Bitcoin data, today's turnover rate has risen significantly. After checking the data, it appears that there have been two transactions involving a total of over 230,000 BTC being transferred, likely due to the reorganization of exchange wallets. This situation tends to occur on average once every quarter and does not have a significant impact on prices, so in reality, the price of BTC today remains in a narrow range of fluctuations.

Recently, the influence of both Trump and the Federal Reserve on the market has been decreasing. Although several Federal Reserve officials have spoken in the past week, expressing concerns about tariffs, they have also told the market that as long as the tariffs are not determined, the Federal Reserve will not provide a clear response. Therefore, the market has adjusted its expectations for interest rate cuts, and currently, the probability of a rate cut in the third quarter is less than 28%.

Although turnover has increased significantly, the range of $93,000 to $98,000 remains the most solid support. As it stands, as long as there is no large-scale exit from investors at this position, the impact on prices will not be significant.