Chain data shows that during the continuous decline of BTC, large funds have not yet fled, and there is a takeover around US$76,000.

Analyst Murphy (@Murphychen888) posted on social media that Bitcoin fell for five consecutive trading days from May 15 to 19. Market sentiment, which had been worried about short-selling, quickly turned, and some investors began to expect prices to fall back to the US$40,000 range. However, judging from the chip structure on the chain, the attitude of big funds presents a different picture.<br /> According to data on May 15, US$66,000 and US$78,000 are the two prices with the most concentrated changes, clearly reflecting the entry position of large funds. It is worth noting that the chip bar in the range of $80,000 to $82,000 is relatively low. Although the price of Bitcoin stayed in this range for nearly a week, there were few changes of hands, indicating that funds began to become cautious after the price returned to above $80,000.<br /> As of May 19, as the price fell, the $78,000 chip pillar not only did not decrease, but increased. The most obvious change is the price of $76,000. When the price broke through this position, there were only about 200,000 chips at this level. When the price fell back to this position this time, the number of chips had increased to about 380,000. Analysts believe that this shows that the funds entering the market at US$78,000 did not flee in panic due to falling below the cost. When the price dropped to US$76,000, new funds chose to enter the market to accept, showing a clear attitude.<br /> From the perspective of chip structure, a reasonable correction range is roughly between $78,000 and $66,000. The second step back to enter this interval and complete the change of hands is expected to make the structure have stronger ability to withstand strikes. Although the final price low is still difficult to predict, judging from the attitude of funds starting to intercept money around US$76,000, the willingness to accept the goods from below the market is relatively clear.