Analysis: High-level chips of Bitcoin show signs of loosening, and the extreme callback range is $98,000.00 to $104,000.00.

On October 16, on-chain data analyst Murphy, combined with UTXO Realized Price Distribution (URPD), shared the market chip distribution: high level (chip loosening and meat cutting at $117,000), a new huge chip column was generated at $112,000, meaning that a large amount of funds were bottom-fishing here, accumulating a total of 614,000 $BTC, which is also the highest column in the entire chip structure.

If $BTC continues to fluctuate downward, then based on the current chip structure, Murphy judges that "the extreme callback range will be between $98,000 and $104,000. Of course, the actual situation will be affected by macroeconomic policies, market sentiment, and unforeseen black swan events."