Phyrex Ni: The most traded Bitcoin (BTC) is still short-term buyers, with 93,000-98,000 being the price stability concentration range.

Gate news, Chinese crypto world opinion leader Phyrex Ni stated in a post on X that the most active traders in Bitcoin (BTC) are still short-term buyers, while earlier investors are taking a wait-and-see approach. He pointed out that $105,000 is the concentrated price range for Bitcoin.

Phyrex pointed out that Tehran agreed to the U.S. proposal for a ceasefire with Israel. He wrote, "I don't know if a ceasefire can ultimately be achieved, but the phased impact on the market should be as follows. I am not familiar with the analysis of the war, but it does not hinder judging the impact on the market from the trend of oil prices. Currently, oil prices have returned to around $66. The importance of whether the U.S. will enter the war lies here; the longer it drags on, the greater the risk, and the sooner it ends, the more Trump can shift his focus back to tariff issues."

"Trump said, congratulations to the world, it's time to achieve peace. Perhaps Iran can now promote peace and harmony in the region," he continued.

Looking back at Bitcoin's data, Phyrex pointed out: "Although the price volatility is quite large, there are no obvious signs of panic. The turnover rate has not significantly increased, and we have not seen a lot of panic among investors. The most active trades are still from short-term investors buying the dip, while earlier investors remain on the sidelines."

He finally analyzed, saying: "From the supporting data, it still maintains health. The price ranges of $93,000 to $98,000 and $105,000 are currently the more concentrated price zones for BTC. The former is relatively more stable, while the latter has accumulated more risk, which will still increase."

(Source: X, Glassnode)