BTC May Pull Back Toward $107K If It Fails to Reclaim $115K as Supply Clusters Above $100K

• 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