Bitcoin Market Structure Shows Significant Accumulation Zone

On-chain data expert Murphy has analyzed Bitcoin’s market structure, revealing a significant accumulation zone in the price of the cryptocurrency. A month ago, Bitcoin saw a rapid surge followed by a lack of trading activity between $112,000 and $114,000, creating an unsent realized price distribution (URPD) gap. Typically, these gaps are filled over time. However, on August 27th, this gap has been completely closed, effectively linking two previously separate high and low accumulation zones.