Analysis: BTC fills the gap above $72,000, market confidence gradually recovers

On-chain data analyst Murphy stated that BTC has started to fill the gap, and there is a "cursed" range in BTC's chip structure during this cycle—between $72,000 and $80,000. Whether it is an increase in 2024 or a decrease in 2026, the price has quickly passed through this range, resulting in a lack of chip turnover, which has led to a gap in BTC's chip structure.

With the recent price fluctuations, the BTC gap has slowly narrowed to $78,000-$80,000, where nearly 200,000 BTC were exchanged at the $76,000 to $77,000 position from April 17 to 18. The presence of funds supporting this area reflects the gradual recovery of market confidence. After sufficient turnover, the chips are evenly distributed along the price line, which is conducive to accelerating the formation of the bottom structure. Recently, during market fluctuations, the chip accumulation zone between $63,000 and $68,000 was not breached, and the upper gap was successfully filled, which has inadvertently increased the probability of this range becoming a bottom area.