🚨 BTC Key Battle: $117,000 is the Lifeline for Bulls and Bears!

🔥 Core Battlefield Data

$117,000 Massive Chip Volume: Still accumulating 647,000 BTC (equivalent to 3.3% of circulation)

$112,000-$116,000 Gap Zone: 623,000 BTC has been replenished, forming strong support

Total Showdown Range: Only $5,000 of space locks in 1.27 million BTC (≈ $15 billion in margin)

📊 On-chain Chip Dark Battle (Image 2)

✅ Whale Dynamics:

Current large entity addresses continue to increase holdings (vs the distribution pattern before the peaks of June 2024/January 2025)

Miner holdings have risen to 1.82 million BTC, close to a two-year high

🎯 Breakthrough Simulation

1️⃣ Bullish Victory Conditions:

Weekly close holds above $117,000 → Triggers a short squeeze, target **$125,000 previous high**

2️⃣ Bearish Counterattack Scenario: False breakout, then drop back to $112,000 → Forms a double top structure, mid-term oscillation

⚠️ Operation Warning

Leverage Danger Zone: The $115,000-$118,000 range has high-frequency long and short kill risks

Spot Strategy: After breaking $117,000, if it pulls back without breaking, can add positions. If it drops below $112,000, need to be wary of weekly level adjustments

🌌 Ultimate Judgment

"On-chain accumulation + chip sedimentation" shows that the main force aims high, but the process must be accompanied by violent fluctuations.

Remember: A bull market is not a straight rocket, but a spiral upward stepping on the corpses of bears!

#Bitcoin #On-chain Analysis #BullBear Showdown

💎 Forward Reminder: The meat grinder of 1.27 million BTC is about to start!