The chart’s cumulative percentage line provides further context. At current prices, about 35% of the Bitcoin supply has been transacted above this level. This means roughly 65% of holders remain in profit. In a bull market, this figure remains relatively low.
A significant supply spike appears near $84,500. The chart notes that this spike should not be overinterpreted. It largely reflects the movement of nearly 800,000 BTC from Binance rather than organic spot accumulation.
Below current prices, the chart marks a low-volume zone near $75,000. This “empty area” shows minimal historical trading activity. Historically, such volume gaps often get revisited during corrective phases. Could this zone become the next destination if selling pressure continues?
For now, the combined data shows Bitcoin balancing between overhead distribution and fragile support. Realized price trends, profit supply levels, and thin volume areas continue to define near-term market structure as price searches for stability.
Also Read: BTC Consolidates Near $90,000 as Analyst Flags 2020-Style Setup