After the BTC crash on October 11, long-term holders began to sell off in large quantities ("epic distribution");

1. Chip accumulation: The $80,000-$90,000 range is the strongest support (2.536 million coins, an increase of 1.874 million coins), followed by the $90,000-$100,000 and $100,000-$110,000 ranges.

2. Chip balance: Current floating loss is 6.168 million coins and floating profit is 7.462 million coins, which is close to the upper and lower balance points of the chip structure.

3. Chip changes: After the crash on October 11, many chips at the top ($110,000+) were sold off, while the $100,000-$110,000 range actually saw an increase of 87,000 coins.

4. Long-term holders' sell-off: The $60,000-$70,000 range saw the most selling (accumulated before the 2024 election), due to concerns about cycles/macroeconomics/quantum threats leading to "epic distribution."

5. Support range: The $70,000-$80,000 range is the "gap zone" (only 190,000 coins), if it drops to this level, it may attract liquidity to form support. #ETH走势分析