[Analysis: Bitcoin Approaching the 'Extreme Pullback Zone,' Traders Ready to 'Swing'] BlockBeats reported on October 17 that on-chain data analyst Murphy shared the market's chip distribution based on the UTXO Realized Price Distribution (URPD): Compared to yesterday's data, the URPD added 53,000 BTC around $104,700, approaching the 'extreme pullback zone' of $98,000 to $104,000. Traders waiting to buy the dip are preparing to 'swing.' Yesterday's data showed that BTC chips at higher levels (around $117,000) experienced some loosening and selling, while a new massive chip column emerged at $112,000. This indicates that a significant amount of capital bought the dip at this level, accumulating a total of 614,000 BTC, which is currently the largest column in the entire chip structure. If BTC continues to fluctuate downward, based on the current chip structure, Murphy predicts that the 'extreme pullback zone' will form between $98,000 and $104,000. Of course, the actual situation will be influenced by macro policies, market sentiment, and unforeseen black swan events.