#Bitcon is currently trading within a well defined on-chain range. Over the past three months, major buyers have built their positions around $113.8K, while recent dip buyers are clustered near $112.8K. Short-term holders from the last six months remain anchored closer to $108.3K.

Holding above $113.8K keeps the top buyers in profit, strengthening the case for a bullish continuation. But if the market drops below $112.8K, short-term selling pressure could appear, with $108.3K standing out as a key level for trend stability. A decisive move above resistance may invite stronger inflows and extend the rally further.