Glassnode: Over 400,000 BTC Accumulated in the $60,000–$70,000 Range During Market Downturn

Odaily News On-chain data firm Glassnode data shows that during Bitcoin's significant correction, the market saw notable accumulation in the $60,000 to $70,000 range, with over 400,000 BTC being absorbed by investors, indicating strong "buying the dip" behavior. The BTC supply in this price range has increased from approximately 997,000 on January 1st to about 1.43 million currently, an increase of roughly 429,000 BTC, representing a 43% growth. Currently, over 8% of the non-exchange circulating supply has a cost basis concentrated in this range, forming a dense holding band. (CoinDesk)