Want to determine the next move for Bitcoin? There's a data point worth noting: over the past two months, 1.87 million BTC have accumulated in the $80,000 to $90,000 range, accounting for 13% of the circulating supply. This scale isn't something retail investors can achieve—it's a "hoarding war" by major players.

At the same time, another development is happening. The on-chain balances of decentralized stablecoins have been hitting new highs during the most volatile weeks of BTC. Top players are clearly executing a combined strategy: aggressively sweeping BTC at key price levels while stacking liquidity reserves with stablecoins. Both offensive and defensive moves.

**"Battlefield Map" of Chip Distribution**

Let's look at how Bitcoin chips are currently distributed:

**Bull Control Zone ($80,000–$110,000)**
- First line of defense ($80,000–$90,000): a total of 2.536 million BTC, with 1.874 million newly accumulated, making it the strongest support level right now
- Second line of defense ($90,000–$100,000): an additional 324,000 BTC
- Third line of defense ($100,000–$110,000): despite a tough environment, an increase of 87,000 BTC, signaling contrarian accumulation

**Bear Retreat Zone (Above $110,000)**
- Reduced by 902,000 BTC positions. Panic selling has basically ceased.

**Most Dangerous "Vacuum Zone" ($70,000–$80,000)**
- Only 190,000 BTC remain here, with the thinnest liquidity. If prices drop into this range, a fierce buying scramble will ensue.

**What signals is the market sending?**

Bitcoin's bottom is being artificially elevated. In past bear markets, declines of over 50% were common, but this time is different—thanks to large old coin holders stepping in, the downside has been contained.