The 【Block Motion】 on August 7, the latest weekly report on encryption indicated that the price of Bitcoin in July had declined from a peak of 123,000 Dollar to 113,000 Dollar, placing new investors who recently bought at a position of unrealized losses, forming a massive supply group whose cost basis lies above 116,000 Dollar. The bottom of this group has been tested several times, leading to a rebound, but the sharp decline that occurred on July 31 caused the price to enter the "void zone" mentioned in previous reports. Historical data shows that such low liquidity ranges often turn into new accumulation areas. By comparing the distribution of UTXO execution prices on July 31 and August 4, it can be observed that when the price rose from a low of 112,000 Dollar, approximately 120,000 BTC were absorbed by investors, driving the price back above 114,000 Dollar. However, the total supply in the range of 110,000 to 116,000 Dollar remains low, and if the accumulation continues, it may pave the way for the next wave of rise. Despite the accumulation that occurred last week, the strength of the rebound was not sufficient to recover the cost basis for last month's new holders ( Holdings from week to month ) - and this level has currently turned into a resistance level, located near 116,900 Dollar. If the price can continue to break through this threshold, it will confirm the restoration of control from the demand side; conversely, if it faces an obstacle for a long time, it may decline further to the bottom of the void zone at 110,000 Dollar. #曬出我的Alpha積分# #Gate & WLFI USD1 積分計劃將上線# #ETH巨鯨增持#