Analysis: Bitcoin’s holding structure indicates a bottom is forming, with $66,000 as the real capital entry zone

ChainCatcher reports that analyst Murphy states the market generally focuses on the low price point of $60,000, but chip structure analysis reveals that the true foundational bottom for Bitcoin may lie in the densely traded zone around $66,000.

Data shows that approximately 440,000 BTC have accumulated in this area, with 240,000 being traded between February and April. Currently, chips held in the $65,000 to $78,000 range account for 13.8%. Although this is still below the 18.7% level seen before the FTX crash in October 2022, it should be noted that during this cycle, traditional capital such as ETF and MicroStrategy have locked about 13% of circulating chips at relatively high positions, so the current proportion already provides a basis for constructing the bottom structure.

If the market experiences a secondary pullback, with further trading occurring within this zone, the foundational bottom will become more solid, offering stronger "resilience." The true bottom should not be defined by the lowest price ($60,000), but by the zone where substantial capital has concentrated and traded ($66,000). Trading in the $78,000 to $82,000 range is still insufficient, and market divergence needs to be further resolved.