Bitcoin on-chain model reveals crucial support 🚨
📊 According to Glassnode's URPD model, Bitcoin has a key support range between $104,000 and $108,000.
👉 Accumulation of over 1.15 million Bitcoins in this range has created a strong price floor.
⚡ Current price: $115,850 (+2.25% over 24 hours)
If the correction continues, Bitcoin may retest the $104,000 to $108,000 range as a fundamental level.
If bulls maintain above this area, the momentum towards all-time highs will remain intact.
🔥 Meanwhile, Powell's speech in Jackson Hole triggered $300 million in inflows to Bitcoin futures within 15 minutes, pushing Binance's equity investments to $13.3 billion.
💡 Big question: Will the $104,000 to $108,000 level serve as a launch pad for the next phase of Bitcoin's price to over $130,000?
