Bitcoin's Chip Structure Shows Gap, Raising Market Speculation

According to BlockBeats, on-chain data analyst Murphy has highlighted a notable gap in Bitcoin's chip structure, with the UTXO Realized Price Distribution (URPD) currently showing a gap between $111,000 and $115,000. Such gaps in chip structure are rare historically and often precede strong market trends. For instance, on December 24, 2020, Bitcoin rapidly surged to $24,000, creating a gap between $19,000 and $22,000, eventually reaching a peak of $64,000. Similarly, on November 14, 2024, Bitcoin quickly rose to $87,000, forming a gap between $73,000 and $85,000, later climbing to a high of $106,000 source: https://www.binance.com/en/square/post/26870285463209?utm_source=BinanceNewsRSS