According to CoinMeta, based on early monitoring of in, trader Murphy indicated that over 2 million BTC were traded in the range of $62,000 to $64,000, which brought the costs for many holders closer together and reduced their willingness to sell in the short term. BTC has experienced low volatility and sideways movement for nearly two months, and its price rose from $64,000 to $75,000 within three days. However, the number of shares around $63,000 did not significantly decrease, and the range between $68,000 and $74,000 remains relatively sparse. Murphy predicts that as prices rise, the shares may gradually become more liquid and form a new concentrated area. If no new support level is established, BTC may test the support of the $62,000 to $63,000 concentration area again.