BTC is accumulating a large amount of chips at 80,000 USD, is a new support level forming?

[Coin World] Recently, BTC has been quite interesting around the 80,000 dollar mark. When it fell today, you could see a lot of chips piled up at this position on the cost basis heat map—put simply, some people are buying the dip.

What does this phenomenon of concentrated buying usually indicate? The price level of 80,000 may serve as a psychological barrier for players who recently entered the market. After all, nobody wants to be trapped right after buying, so this group of people is likely to hold on tightly at this point, which objectively creates a support area.

Of course, on-chain data can only explain what has happened in the past. Whether this support can hold depends on the subsequent capital game. But at least for now, it is indeed the case that the $80,000 level has gathered quite a bit of buying power.