Bitcoin Accumulation Surges as 400,000 BTC Bought Between $60K and $70K

More than 400k BTC have been accumulated between $60k and $70k during Bitcoin’s latest market correction, signaling strong dip-buying activity as prices retraced sharply. Data from Glassnode shows supply in this price band climbed from roughly 997,000 BTC on Jan. 1 to approximately 1.43 million BTC, marking a 43% increase.

This means over 8% of Bitcoin’s non-exchange circulating supply now holds a cost basis within the $60K–$70K range, creating a dense ownership cluster that may act as structural support.

URPD Data Highlights Investor Cost Basis Shift

The analysis is based on Glassnode’s Unspent Transaction Output Realized Price Distribution (URPD), which tracks where existing coins last moved on-chain. The entity adjusted model filters out exchange balances and internal transfers to better reflect genuine investor positioning.

During the recent sell off, Bitcoin dropped from $88,000 at the start of the year to near $63,000, after previously reaching an all-time high of $126,000 in October. The rapid fall through the thinly traded $70K to$80K zone underscores how quickly price can move before meeting stronger accumulation below.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.