Bitcoin Accumulation Insights: 1.3 Million Addresses Target Key Support Range of $94,800 to $97,700

According to a recent report from COINOTAG, market analysis firm IntoTheBlock unveiled that approximately 482,000 addresses have acquired Bitcoin within the price spectrum up to $100,000. However, the significant demand appears concentrated in the price range of $94,800 to $97,700, where over 1.3 million addresses are noted for accumulating Bitcoin. This specific price corridor is emerging as a crucial support zone, which could influence future market stability. Investors and analysts alike will be observing how price movements around this threshold can either reinforce or challenge existing market dynamics, underlining the importance of monitoring address activity as a barometer for market sentiment.