According to URPD data, 1.71 million BTC changed hands in the $63,000 - $68,000 range. Just a week ago, the cumulative coins in this range were only 1.53 million, which means bulls absorbed 180,000 BTC here in just 7 days. This forms a peculiar “U-shape” structure with the 1.89 million BTC piled up in the $87,000 - $92,000 zone, leaving the $71,000 - $80,000 area as a “gap zone.” This suggests that during the last pump (October 2024), price didn’t pause here—it just blasted through. Same thing on the way down this time: a quick breakdown with no hesitation. (chart 1: URPD_2026.2.28) Back and forth, but still no significant consolidation in the $71k-$80k region—it almost feels like a “forbidden zone” for BTC, a bit of on-chain voodoo if you ask me (never seen this before!). But as things stand, the stack of coins in the $63k-$68k range keeps growing, which shows that someone out there definitely believes BTC with a 6-handle is worth buying. That’s going to create some serious support. With LTHs (long-term holders) slowing down their distribution, we might see another attempt to fill that “gap” above. Below $63k, the only major support left is all the way down at $16,000, where 391,000 BTC have been sleeping since the last bear market bottom—untouched to this day. Honestly, who really thinks BTC will revisit $16,000 this cycle? If $16k is off the table, then if the $63k-$68k zone gets taken out, there’s basically no clear support until bulls step in and build a new base. That would create a “W-shape” structure on the chart—now that would be a legendary sight in crypto history!