According to @glassnode, the UTXO Realized Price Distribution (URPD) identifies the nearest BTC support between $104k-$108k, with over 1.15M BTC accumulated in this range over the past year (source: @glassnode). According to @glassnode, this dense supply region may act as strong support if the market continues to correct (source: @glassnode).

According to @glassnode, Bitcoin's URPD shows a filling liquidity gap when comparing February 23 to today. Although URPD lacks behavioral context, Coin Days Destroyed (CBD) provides insights into investor behavior, revealing which investors lowered their cost basis, capitulated, and where new demand has emerged.