Over 400,000 BTC bought between $60k and $70k during BTC's latest downturn
Approximately 429,000 BTC were accumulated in the $60k-$70k range during Bitcoin's recent price correction.Summary
Data from Glassnode indicates that over 400,000 Bitcoin (specifically about 429,000 BTC) were accumulated in the $60,000 to $70,000 price range following Bitcoin's sharp market retracement from its October all-time high. This accumulation represents a 43% surge in supply clustered in that band, meaning more than 8% of the non-exchange circulating supply now has a cost basis there. This occurred as BTC's price fell from around $88,000 on January 1st to $63,000. The analysis uses Glassnode’s Unspent Transaction Output Realized Price Distribution (URPD) metric, which tracks investor cost basis by excluding exchange balances. The report also notes that Bitcoin quickly moved through the thinly traded $70,000 to $80,000 zone, falling from $80,000 to $70,000 in just five days.
(Source：CoinDesk)