Bitcoin is entering a corrective phase as on-chain data points to weakening momentum following recent cycle highs. A new CryptoQuant analysis focuses on Bitcoin’s realized price and its historical role during post-peak corrections.
The data shows price drifting lower while structural support zones and volume gaps gain importance. Together, these signals frame a market that remains fragile and directionless.
Realized Price Reemerges After Cycle Highs
The CryptoQuant chart compares and the price realized over its entire history through different market cycles. It reveals that, during the corrective process, price often returns to the realized price after significant advances. The realized price is the average price of all coins currently in circulation.
In the past, Bitcoin created new peaks before entering consolidation or distribution phases. The price would slowly approach the realized price as momentum was exhausted. This situation could be very well observed after the peak of the 2017 cycle and the 2021-2022 market correction.
With the present cycle, this type of structure is emerging again. Bitcoin could not keep the $100,000 to $110,000 range recently. And the realized price increases slowly but steadily with the price decline. The estimated realized price is approximately $56,200, which is far below the market price but is becoming essential.
Supply Distribution Defines the Current Range
Bitcoin’s supply distribution data places the market inside a narrow consolidation zone. The chart titled Supply Distribution as of 26-Dec-2025 (IURPD) shows a clear distribution cluster between $85,000 and $92,000. Price action remains centered within this band.
The $85,000 level continues to act as a . A dense concentration of supply sits just above this level. Many investors acquired Bitcoin here, which reduces selling pressure near cost basis levels. This behavior has helped slow downside moves.
On the upper end, the $92,000 area functions as an exit zone. Supply bars indicate ongoing distribution in this region. As a result, upside momentum remains capped. Vertical supply activity shows active transfers rather than substantial accumulation or capitulation.
Profit Supply and Volume Gaps Shape Risk
The chart’s cumulative percentage line provides further context. At current prices, about 35% of the has been transacted above this level. This means roughly 65% of holders remain in profit. In a bull market, this figure remains relatively low.
A significant supply spike appears near $84,500. The chart notes that this spike should not be overinterpreted. It largely reflects the movement of nearly 800,000 BTC from Binance rather than organic spot accumulation.
Below current prices, the chart marks a low-volume zone near $75,000. This “empty area” shows minimal historical trading activity. Historically, such volume gaps often get revisited during corrective phases. Could this zone become the next destination if selling pressure continues?
For now, the combined data shows Bitcoin balancing between overhead distribution and fragile support. Realized price trends, profit supply levels, and thin volume areas continue to define near-term market structure as price searches for stability.
Conclusion
Bitcoin remains in a corrective phase as realized price gains relevance and supply clusters cap momentum. Price holds between $85,000 and $92,000 while profit supply stays modest. Low-volume zones near $75,000 remain structurally significant. Market participants continue to watch realized price and distribution behavior for direction.