URPD Suggests BTC’s Next Supply Test Starts at $83.3K
URPD shows where $BTC last moved on-chain, which helps map where supply is concentrated by price.
Above spot, the distribution stays relatively light through $83.3K. Only 181,618 BTC last moved between $80,783 and $83,307, and the bucket containing August’s $81,347 high holds just 98,186 BTC, the 7th lightest of the 32 bands shown.
That changes at $83.3K. From $83,307 to $87,094, 1.06M BTC last moved, 5.8x the amount in the range immediately below.
BTC has not traded at $83.3K since Jan. 31. If price returns to that range, some of that supply could come back to market as holders move closer to their last-moved price.
So $81K is the recent high, but the bigger on-chain supply concentration sits above it. The next meaningful test starts around $83.3K.
URPD shows where $BTC last moved on-chain, which helps map where supply is concentrated by price.
Above spot, the distribution stays relatively light through $83.3K. Only 181,618 BTC last moved between $80,783 and $83,307, and the bucket containing August’s $81,347 high holds just 98,186 BTC, the 7th lightest of the 32 bands shown.
That changes at $83.3K. From $83,307 to $87,094, 1.06M BTC last moved, 5.8x the amount in the range immediately below.
BTC has not traded at $83.3K since Jan. 31. If price returns to that range, some of that supply could come back to market as holders move closer to their last-moved price.
So $81K is the recent high, but the bigger on-chain supply concentration sits above it. The next meaningful test starts around $83.3K.
