To evaluate Bitcoin's potential breakout beyond 111K, the CBD Heatmap, tracing back to the June 2022 cycle bottom, provides critical insights into historical distribution behavior. It highlights how previous accumulation zones—once key areas of support during consolidation phases—have now transitioned into regions of significant selling activity as long-term holders begin to realize profits.
The most pronounced selling pressure originates from investors who accumulated in the25K–31K and60K–$73K price ranges. These cohorts, having withstood multiple volatility cycles, are now contributing to a supply overhang. This increased selling from seasoned holders is currently acting as a resistance layer, potentially limiting Bitcoin's upward momentum in the near term.
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