• Over 400,000 BTC bought between $60k and $70k during bitcoin’s latest downturn Glassnode data shows a 43% surge in supply clustered in the $60K to $70K range following bitcoin’s 50% decline from its October all time high. • What to know: Supply in the $60K to $70K band has risen from roughly 997,000 BTC on Jan. • 1 to about 1.43 million BTC, meaning more than 8% of non exchange circulating supply now sits in this range. • The $70K to $80K region has been described as an air pocket, and during the recent sell off bitcoin fell from $80K to $70K in just five days. • More than 400,000 BTC have been accumulated between $60,000 and $70,000 during bitcoin’s latest downturn, underscoring aggressive dip buying as the market retraced sharply, according to Glassnode data. • Supply in the $60,000 to $70,000 band has risen from roughly 997,000 BTC on Jan.

Article Summaries:

  • Glassnode data shows that more than 400 000 BTC were bought in the $60 000‑$70 000 price band during Bitcoin’s recent downturn, a 43 % rise in supply in that range. The number of coins with a realized cost basis between $60 000 and $70 000 grew from about 997 000 on Jan 1 to roughly 1.43 million today, meaning over 8 % of non‑exchange circulating supply now sits in this cluster. The $70 000‑$80 000 zone, described as an “air pocket,” saw Bitcoin fall from $80 000 to $70 000 in just five days, underscoring the rapid price move through thinly traded areas before encountering heavier supply below.

Sources: