TechFlow reported on March 3 that, according to IntoTheBlock analysis, volatility has returned to the crypto market, and on-chain accumulation data can provide valuable insights for identifying potential support and resistance levels. In the short term, approximately 1.66 million bitcoins are currently held at a loss, and these holders may choose to liquidate their positions as prices recover to their cost basis, potentially forming a key resistance level around $96,000.
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