Looking back at Bitcoin's data, as the price rises, the turnover rate has also shown a significant increase. In the past two days, investors who were bottom-fishing have been the main force behind the turnover. There's not much else to say; like with spot ETFs, investors tend to chase rising prices and sell on dips.

The price changes once again prove the accuracy of on-chain chip support. Currently, the most stable support is still between $93,000 and $98,000. This segment of users has already been thoroughly tested. Unless there is a systemic risk, mass panic selling is unlikely, which significantly reduces the pressure on the price.

The stability between $100,500 and $105,000 is also gradually increasing, but indeed the time frame is still relatively short, and the loyalty of this group of investors is still on the low side. The storage volume between $104,000 and $105,000 has already exceeded 1.27 million coins, and the pressure has not yet completely eased.

Currently, from a trend perspective, the pre-war average price of $106,000 is still relatively stable. If a breakthrough is to occur, a stable breakthrough may require new positive stimuli.