Analysis: 2.76 million addresses bought 2.1 million BTC at an average price of $97,100, which could act as strong support.
According to BlockBeats, on-chain data shows that 2.76 million addresses bought a total of 2.1 million BTC at an average price of $97,100, indicating significant buying interest at this level.
If the market faces further bearish pressure, this area could act as strong support.
Source: BlockBeats
