Almost 600,000 BTC snapped up between $60K and $70K in recent correction
CoinDesk
Recent Bitcoin price dips triggered significant buying activity, with nearly 600,000 BTC purchased between $60,000 and $70,000.Summary
Blockchain data from Glassnode reveals strong demand during Bitcoin’s recent correction, with approximately 600,000 BTC (valued at $42.48 billion) changing hands in the $60,000–$70,000 range. Over 200,000 BTC were accumulated in the past two weeks alone. This surge in buying has increased the number of BTC last moved within this price range from 997,000 to 1.558 million, representing nearly 8% of the circulating supply. This concentration of ownership suggests the $60,000–$70,000 range could serve as a key support level. Despite current trading above $70,000, a previous “air gap” between $70,000 and $80,000 indicates limited supply, and approximately 40% of Bitcoin holders acquired their coins at prices above $70,000.
(Source：CoinDesk)