[Analysis: Over 2 million BTC exchanged hands in the $62,000 to $64,000 range, potentially forming significant support] Odaily Planet Daily News - Trader Murphy (@Murphychen888) posted on the X platform, stating that despite multiple bearish factors such as the U.S. stock market pullback, Strategy selling BTC, and oil price rebounds, BTC has not experienced a significant decline, which may be related to its chip structure. Data shows that over 2 million BTC were concentrated in the $62,000 to $64,000 range, aligning the cost basis for a large number of holders and reducing short-term selling pressure. He noted that BTC subsequently underwent nearly two months of low-volatility consolidation and then quickly rose from $64,000 to $75,000 within three days. However, the chips near $63,000 did not significantly decrease, and the chips in the $68,000 to $74,000 range remain relatively sparse, indicating that holders in the previous concentration zone have not taken large-scale profits. He predicts that as prices continue to rise, chips may gradually loosen and form a new concentration zone. If no new effective support is established, BTC may once again test the support strength of the $62,000 to $63,000 chip concentration zone.