Bitcoin Price Faces $100K Supply Wall, On-Chain Data Shows

Fresh on-chain data released by CryptoQuant on August 21, 2025, showed that a large cluster of realized prices formed near $100,000.

This zone reflected coins bought at higher levels, creating an important reference for market behavior. The Bitcoin price was around $113,894 at the time of writing.

The distribution was based on UTXO Realized Price Distribution (URPD). This measure tracked where existing tokens were last moved on the blockchain, offering insight into the cost basis of holders. The URPD chart showed a sharp peak between $95,000 and $105,000.

Such clusters often suggested potential resistance, since many holders who bought in this range might decide to sell if the Bitcoin price moved higher. This could create supply pressure in the market.

Bitcoin Price Tests Heavy Realized Cluster

Analysts said the orange line representing the Bitcoin price on the URPD chart intersected directly with the $100,000 concentration.

The alignment meant the market was testing a zone where many tokens last changed hands. Historical data suggested that similar peaks had preceded significant market moves.

When large numbers of holders faced the chance to recover costs or take profit, market momentum often slowed. If sellers acted quickly, short-term resistance could appear.

However, since the Bitcoin price was trading above the $95,000–$105,000 band at press time, the immediate test of that cluster had passed.

The earlier resistance zone may now function as support if the market retested that range. The data also showed that realized prices below $95,000 were thinner compared with the heavy peak.

This meant the market lacked similar nearby buffers. A failed defense of the $100,000 area in the future could therefore lead to a sharper correction.

How Realized Price Distribution Shaped Sentiment

The URPD chart provided a window into investor behavior. By showing the last movement price of each token, it mapped areas where holders were more likely to sell.

In this case, the dense activity around $100,000 revealed a concentration of interest. Holders who entered at those levels had waited for a retest of their entry points. Some of them might sell to recover capital.

At the same time, a successful defense of this zone could attract new demand. Traders often viewed strong holder conviction at key levels as a sign of confidence.

This explained why realized price distributions often aligned with important technical levels on regular price charts.

According to CryptoQuant data, the current cluster was among the heaviest observed since 2021. That historical comparison showed how significant the $100,000 band had become in the broader market structure.

Outlook for Bitcoin Price After Recent Data

The Bitcoin price was around $113,894 at press time. It fell 0.21% in the past 24 hours, 6.57% in the past week, and 3.73% in the past month. The all-time high remained near $124,457.

Analysts said the zone around $100,000 still marked an important structural level. A defense of that band in any pullback could reinforce bullish conviction. A breakdown through it could trigger renewed correction.

Regardless of the direction, the URPD chart offered an objective map of where supply pressure was concentrated. It highlighted the stakes for both long-term holders and new buyers entering the market.

The current setup indicated that Bitcoin was at a critical point. Whether the $100,000 cluster acted as a base or a floor on retests would likely influence the next phase of trading activity.