Bitcoin price is consolidating between $114,000–$118,000 as clustered supply from long-term holders and recent reactivations increases sell pressure. Over 25% of BTC’s circulating supply has traded above $100K, creating firm structural support near six-figures while short-term momentum weakens around $111,565 support.
-
Over 25% of BTC supply has traded above $100K, reinforcing six-figure support.
-
Short-term resistance sits near $118K with critical support at $111,565 to avoid deeper correction.
-
On-chain reactivations (1,401 BTC) and large leg moves (~8,500 BTC) added measurable sell-side pressure.
Bitcoin price consolidation at $114K–$118K signals supply pressure; read the latest on supports, risks, and on-chain drivers. Stay informed with COINOTAG.
What is driving the Bitcoin price consolidation at $114K–$118K?
Bitcoin price is consolidating in the $114K–$118K band due to concentrated supply and profit-taking from long-term holders. On-chain flows, including a 1,401 BTC reactivation and large multi-thousand BTC transfers, have increased sell-side liquidity, while technical support near $111,565 remains key to avoiding deeper retracement.
How are supply clusters and on-chain flows impacting BTC now?
Supply distribution data shows over 25% of circulating BTC has traded above $100,000, making six-figure levels a structural support zone. Green clusters indicate profit holders who may support dips; red clusters show breakeven sellers creating resistance.
Recent on-chain events: a 1,401 BTC transfer from dormant wallets coincided with a drop from $117K to $114K. Reactivation of 2–3 year old coins added roughly $160 million in theoretical sell pressure. Additionally, repeated large moves of ~8,500 BTC per leg have translated into nearly $10 billion of sell-side exposure across multiple legs.
Why is $111,565 the critical Bitcoin support level?
$111,565 is the immediate technical support after BTC broke below its short-term rising channel. A sustained break below this level risks accelerated downside to $107,367 and the broader $105K area. Traders view $111,565 as a short-term pivot where liquidity and dormant seller activity converge.
What on-chain metrics are confirming sell pressure?
Key on-chain indicators point to increased supply movement: 1,401 BTC reactivated from dormant wallets, cumulative distribution curves showing ~80% supply concentration in active bands, and multi-leg transfers of ~8,500 BTC. Sources referenced in the reporting include Checkonchain and CryptoQuant (mentioned as plain text).
Frequently Asked Questions
Is $100K now a confirmed support level for Bitcoin?
Yes. Over 25% of Bitcoin supply has been traded above $100K, making six-figure pricing a meaningful structural support. However, short-term weakness could test lower bands if $111,565 fails.
How likely is a drop toward $107K from current levels?
If BTC fails to reclaim $115K and breaks below $111,565 with increasing on-chain sell flow, a move toward $107,367 is a realistic near-term target. Momentum will depend on further long-term holder actions and large whale transfers.
Key Takeaways
- Structural support: Over 25% of BTC supply traded above $100K, making six figures a notable support zone.
- Immediate risk: $111,565 is the key short-term level; a break raises odds of a move to $107,367.
- On-chain drivers: Reactivations (1,401 BTC) and large transfers (~8,500 BTC) have added sell-side pressure; monitor dormancy metrics.
Conclusion
Bitcoin price remains range-bound between $114K–$118K as supply clusters and on-chain reactivations increase selling pressure. Short-term structure is weakened after a channel break, placing emphasis on $111,565 as the critical pivot. Investors should monitor supply distribution, dormant coin movements, and technical reclaim of $115K for signs of renewed strength. COINOTAG will continue to update this analysis as on-chain data evolves.
By COINOTAG — Maxwell Mutuma, 22 September 2025, 07:51:16 GMT +0000
