#eBlockBeats Message, on February 23, crypto analyst Murphy stated that BTC is currently fluctuating around $65,000, a position close to the range where the <10y\_RP indicator is located. This indicator, after excluding the impact of most lost BTC costs, is considered to be closer to the true level of the "historical average transaction cost."
This range may serve as an important psychological and cost barrier for the bulls. If it is effectively broken below, it could mean that the current downtrend will continue to deepen into a bear market.
#btc #ETH #sol