$BTC BTC is approaching the decision point

Recently, BTC has been trapped within a very narrow range, repeatedly oscillating.
On the surface, it looks like sideways trading, but in reality, it's intense turnover.
From the UTXO / chip distribution perspective, there are currently two exceptionally prominent massive columns:
Around $87,000: approximately 670,000 BTC
Around $84,500: approximately 650,000 BTC
The chip density in these two price ranges is clearly higher than in any other interval.
It is necessary to first eliminate "false chips"
Here is a factor that must be excluded.
On November 22, the market underwent a large-scale wallet restructuring,
which resulted in a large number of non-economic UTXOs in the $83,300–$84,500 range.
At that time, I estimated that this part involved about 550,000 BTC,
and it was not real turnover, but address structure adjustment.
Therefore, the conclusion needs to be corrected:
Nominally, the $83,300–$84,500 range contains about 1.12 million BTC
but the actual amount attributable to real turnover should be at least halved.
After correction, one thing is clear:
👉 $87,000 is the most genuine and concentrated massive column in the current chip structure
👉 is also the strongest support level in the current market structure
What does a massive column mean?
Experience shows that when a large amount of chips are compressed and concentrated within a very narrow price range,
the market is often approaching a critical point for direction choice.
The essence of chip accumulation is only one thing:
The bullish and bearish divergences are continuously widening.
When divergences reach the limit, the market will not hesitate forever,
It will definitely give a result.
Key changes have already appeared
Since December 26 (based on GMT midnight),
BTC's price has started moving to the right of the $87,000 massive column.
This detail is very important:
The price has not broken below the massive column
Instead, it has stabilized above the dense chip area and attempted to push higher.
This means:
👉 The support at $87,000 is being validated by the market
👉 The balance of the game is beginning to tilt in favor of the bulls
From the chip structure perspective: leaning bullish
Purely from the chip structure, the current conclusion is very clear:
The massive column is effective
Main support is clear
Price is beginning to move in a favorable direction
As long as subsequent market conditions can maintain the stability of chips above $87,000,
The market's direction choice will become increasingly clear.
Sideways trading is not boredom,
But a preparation for the next move.
Now, this game is almost at the point of determining victory or defeat.