TechFlow reported on February 26 that Alex Thorn, Head of Research at Galaxy, analyzed Bitcoin's supply according to the price of the last transfer (URPD) data, noting almost no on-chain transaction activity in the $75,000 to $85,000 range. This is because Bitcoin's price rapidly broke through this range last November. Alex pointed out that the market might retest this price range, and currently the 200-day moving average is at $81,600. If prices fall back to this area, this level could provide effective support.
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