Overview

• Bitcoin is trading around $110,000 to $112,000 and keeps stalling near $113,000 to $114,000, with technicians watching $108,000 first and a $100,000 to $104,000 zone if support weakens.
• The KMFG on‑chain indicator re‑entered its accumulation zone for the first time in 147 days, a setup that previously preceded strong advances, according to Burak Kesmeci.
• Short‑term holder SOPR has moved back above 1, indicating STHs are again realizing profits and suggesting recent selling pressure may be absorbed.
• Glassnode’s URPD highlights on‑chain support clusters around $108,250, $104,250 and roughly $97,050, where large volumes last changed hands.
• CryptoQuant says corporate treasuries now hold about 840,000 BTC, though the Saylor‑led buyer cut monthly purchases by roughly 97% and overall corporate buying has cooled, as older 3–5‑year coins continue rotating toward ETF wallets.