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108d 20h ago

BTC Long-Term Holder Panic Looms — On-Chain Analyst Murphy Pins Bottom Range at $97K–$106K

BTC

BTC/USDT

$96,898.19
+2.08%
24h Volume

$29,306,744,480.22

24h H/L

$97,924.49 / $94,680.67

Change: $3,243.82 (3.43%)

Long/Short
54.3%
Long: 54.3%Short: 45.8%
Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$97,071.53

0.12%

Volume (24h): -

Resistance Levels

Resistance 3$102,398.63
Resistance 2$99,581.88
Resistance 1$97,981.98
Price$97,071.53
Support 1$95,686.62
Support 2$93,617.75
Support 3$90,994.27
Pivot (PP):$96,680.62
Trend:Uptrend
RSI (14):70.3
BTC Long-Term Holder Panic Looms — On-Chain Analyst Murphy Pins Bottom Range at $97K–$106K

On September 28, COINOTAG reported that on-chain data analyst Murphy characterized the post-August 13 BTC consolidation as a potential structural adjustment that has likely not yet completed, noting the pattern reflects a phased reallocation rather than an immediate regime shift.

Murphy’s metrics indicate realized losses to date have been concentrated among Short-Term Holders (STH), while the Long-Term Holder (LTH) loss ratio remains at 0%. The data further identifies the highest-cost LTH cohort near approximately $106,000, albeit with limited aggregate exposure.

The analyst cautions that, if Bitcoin revisits the roughly $97,000–$106,000 band, a larger share of LTHs would transition into unrealized losses—potentially defining a bottom range for a pullback. This summary is for informational and educational purposes and does not constitute investment advice.

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