todayonchain.com

Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000

CoinDesk
Data from Glassnode reveals that investors purchased over 844,000 BTC during recent price dips between $60,000 and $70,000.

Summary

Recent blockchain data from Glassnode indicates robust demand for Bitcoin, with over 844,000 BTC acquired in the $60,000 to $70,000 price range since January 1. This surge in accumulation brings the total supply anchored in this bracket to approximately 1.85 million BTC, or 9.23% of the total circulating supply, potentially establishing a strong price floor. Conversely, the $70,000 to $80,000 range contains only 400,000 BTC, creating a supply 'air gap' that could facilitate rapid price movement or further consolidation as market conditions stabilize.

(Source:CoinDesk)