Bitcoin On-Chain Alert: $112K–$114K URPD Gap Filled as 5.59M BTC (28% of Supply) Accumulates Between $93K–$118K

COINOTAG reported on August 28 that on-chain analyst Murphy’s market-chip study shows a previously noted URPD gap at $112,000 to $114,000 has been completely filled as of August 27. The continuity links prior high and low accumulation bands into a larger chip accumulation zone of $93,000 to $118,000, within which on-chain metrics indicate roughly 5.59 million BTC concentrated—about 28% of circulating supply. Adjusting for lost or long-term dormant addresses would increase the effective share. Short-term holder reference points include a STH-RP at $108,000 and support around $104,000 (≈42 BTC). Current URPD shows no major unfilled gaps aside from a shallow band near $72,000 to $80,000. These on-chain observations suggest meaningful distribution and potential structural resistance absent major exogenous shocks; this is for educational purposes and not investment advice.