[Analysis: Bitcoin's high-level holdings show signs of loosening, extreme pullback range estimated between $98,000 and $104,000] BlockBeats news, October 16, on-chain data analyst Murphy shared market holding distribution insights based on UTXO Realized Price Distribution (URPD): High-level holdings (at $117,000) show signs of loosening and selling, while a new massive holding column has formed at $112,000, indicating significant funds buying in at this level. A total of 614,000 BTC has accumulated here, making it the largest column in the current holding structure. If BTC continues to oscillate downward, based on the current holding structure, Murphy predicts that "the extreme pullback range will likely occur between $98,000 and $104,000. Of course, actual conditions will be influenced by macro policies, market sentiment, and unforeseen black swan events.