Odaily reports on recent insights from blockchain expert Murphy regarding Bitcoin address cost distribution analysis. His analysis utilizes the CBD Quantiles chart, dividing buying costs of addresses into different percentiles to understand market holdings’ movement. The purple line, representing the 65th percentile cost basis, indicates that 65% of Bitcoin holders have a holding cost below this value. This signifies a potential trend shift within the market, as a rapid decline in the high-percentile line coupled with an upward movement in the low-percentile line suggests a turnover from higher to lower price points. Currently, it is crucial for Bitcoin prices to maintain support at the purple line, indicating that a significant portion (65%) of addresses remain profitable. Notably, past cycles have shown a decline after breaking below this supportive line. #BTC