$BTC BlockBeats news, on June 22, on-chain data analyst Murphy posted on social media that since March 2, the middle orange line of the MVRV extreme deviation pricing range has repeatedly become a support level for pullbacks or a resistance level for rebounds. Currently, the position of this line at $102,000 is particularly critical. Theoretically, in the absence of further negative events triggering pessimistic sentiment, it should be able to gain support for a rebound at this position in the short term. If the support fails, it will continue to decline to test the upper boundary of the URPD accumulation area-B range, which is at the $98,000 position; meanwhile, $98,000 is also the average cost line for current short-term holders, and is regarded as a phase-based "bull-bear dividing line."