Bitcoin (BTC) CBD Heatmap Signals Key Resistance Zones at $94,000–$98,000 and $101,000–$118,000 as Whales Accumulate Around $84,000–$85,000
BTC/USDT
$13,784,700,649.61
$70,516.82 / $68,110.55
Change: $2,406.27 (3.53%)
+0.0001%
Longs pay
The latest on-chain analysis from Murphy, reported by COINOTAG News on November 28, highlights a CBD heatmap showing two dense clusters at $94,000-$98,000 and $101,000-$118,000, signaling resistance zones during a rebound and guiding traders.
Within these bands, $98,000 is the historical fair price and $104,000 the average cost basis for short-term holders, guiding sentiment and capital flow.
A notable accumulation has formed in the $84,000-$85,000 window, totaling about 950,000 BTC. Excluding Coinbase wallet consolidation on the 22nd (~550,000 BTC), the remaining 400,000 BTC indicates turnover and suggests ongoing whale reallocation during the recent price dip.
As on-chain signals evolve, market participants should monitor CBD movements and the interaction between resistance bands and liquidity zones to gauge potential price direction and risk.