[Analysis: BTC Price Holding Support at the 65% Address Cost Line is Crucial] Odaily Planet Daily reports that on-chain analyst Murphy stated that the CBD Quantiles chart, by dividing the purchase costs of addresses, is used to observe the distribution structure and migration direction of market holdings. Among them, the purple line represents the cost basis of the 65th percentile, meaning 65% of BTC addresses have a holding cost below this value. If the high percentile line moves downward rapidly while the low percentile line moves upward, it indicates that high-level holdings are being absorbed by lower-level funds, and holdings are changing hands. Currently, it is extremely important for the BTC price to hold support at the purple line, as this indicates that the majority of on-chain addresses (65%) are still in a profitable state. In the previous cycle, BTC entered a long-term downward trend after breaking below the purple line support.