BTC's Struggle to Break Through the Mega Whale Accumulation Zone of $93k to $118k: Filling the Lower Support Gap.

Bitcoin (BTC) is struggling to break through the mega whale accumulation zone of $93,000 to $118,000, a range where 5.59 million BTC have been accumulated since November 2024. This zone accounts for 28% of the total circulation, making it difficult for the price to break through without sudden "black swan" events. The lower support gap has been filled, and there are no obvious gaps on the URPD.

Bitcoin (BTC) has been experiencing a challenging time as it struggles to break through the mega whale accumulation zone, a price range where significant buying activity has been observed. This zone, which spans from $93,000 to $118,000, has seen the accumulation of 5.59 million BTC since November 2024. This substantial accumulation accounts for approximately 28% of the total circulating supply of BTC, making it extremely difficult for the price to breach this range without significant external events [1].

The on-chain data analysis by Murphy highlights that the gap between $112,000 and $114,000, which was previously observed due to the rapid surge of BTC, has now been completely filled. This closure has connected the original high and low chip accumulation zones, forming a large chip accumulation zone. The absence of any obvious gaps on the Uniform Range Price Distribution (URPD) further indicates a strong support level for BTC within this range [1].

Moreover, the lower support gap has been filled, and there are no apparent gaps on the URPD, suggesting that the market is well-supported within this price range. The current BTC price is supported at the $108,000 position, with 42 BTC supporting the $104,000 position below. This indicates a robust support structure for BTC within the mega whale accumulation zone [1].

In addition to the market dynamics, the listing of Bitlayer (BTR) on KuCoin's spot trading platform on August 27, 2025, adds another layer of interest to the Bitcoin market. Bitlayer is a Bitcoin Layer 2 project focused on enabling smart contract functionality using the BitVM framework. The collaboration between Bitlayer and Kamino Finance and Orca to launch YBTC on the Solana blockchain further underscores the growing interest in Bitcoin DeFi solutions. This development brings broader access to BTR and enhances the visibility of Bitlayer, positioning it as a key player in the Bitcoin Layer 2 ecosystem [2].

Meanwhile, Strategy, formerly known as MicroStrategy, has cemented its position as the biggest corporate holder of Bitcoin. With the recent acquisition of 3,018 BTC, Strategy's total Bitcoin portfolio now stands at 632,457 BTC, representing over 3% of the circulating supply of BTC. This significant holding has not only been symbolic but also financially rewarding for the company. Since the start of 2025, the value of Strategy's Bitcoin holdings has increased by 25.4%, generating substantial gains [3].

In conclusion, Bitcoin is currently navigating a challenging but well-supported price range, with significant accumulation activity from mega whales. The absence of obvious gaps on the URPD and the robust support structure within the mega whale accumulation zone suggest that the price of BTC may struggle to break through this range without sudden external events. The listing of Bitlayer on KuCoin and the growing interest in Bitcoin DeFi solutions, along with Strategy's substantial Bitcoin holdings, add further layers of complexity to the market dynamics.

References:
[1] https://www.lookonchain.com/feeds/26672
[2] https://coinedition.com/kucoin-announces-listing-new-bitcoin-layer-2-token-bitlayer-btr/
[3] https://bitcoinist.com/strategy-own-3-of-bitcoin-supply/