I am trying to understand the logic. For example, if there is only one transaction in the mempool and it is for 23 bitcoin, you $100/23 =$4.35 ? Then $50/23 =$2.17 …I am trying to follow. Is there an explainer somewhere?

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Yes. It doesn’t work for one transaction. You have to do it for alll transactions and see where the cluster forms

There are 1000x more transactions at exactly $100 and $50 than there are at any other random amount

Why would that be?

Lots of reasons but it’s massive. Those yellow lines are round usd and the color scale is LOG!

If I plotted the color in linear you wouldn’t see anything but round usd almost