Recently, the URPD data has shown some interesting trends. The chip structure of Bitcoin (BTC) currently exhibits a "dual anchor" characteristic, forming two distinct accumulation zones above and below, a phenomenon that has been validated in the last two price corrections.

The accumulation area A above is located between $113,000 and $118,000. This range was not originally significant, but as the pullback occurred, more and more investors chose to buy in this range, resulting in the chips in this area continuously thickening. Currently, approximately 1.818 million BTC are concentrated in this price range.

The accumulation zone B below remains relatively stable, located between $100,000 and $108,000, containing approximately 1.784 million BTC, forming the most solid support band at present.

Overall, the strongest support area is between $108,000 and $112,000. If there is a significant price drop, this will become the first line of defense.

Conversely, the range of $117,000 to $118,000 has become the strongest resistance level, with over 600,000 BTC concentrated here. In the absence of a complete improvement in macro sentiment, every time the price approaches this area, it faces selling pressure. However, if this resistance can be broken, it is highly likely to challenge the previous historical high.

Regarding Ethereum (ETH), the current price is stuck at a key level: approximately $4,846. This is exactly one standard deviation of the real cost for active investors. On March 14 and August 13 of the past year, the price tested this level twice and was pushed back down. Now it is the third test of this key level, and the market is closely watching whether Ethereum can break through this resistance.

This data provides important references for investors, helping them to better understand the current chip distribution in the cryptocurrency market and potential support and resistance levels. However, investors still need to be cautious and closely monitor market changes and macroeconomic factors to make informed investment decisions.