Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000
CoinDesk·1h ago·Neutral
What Happened
Blockchain data reveals 844,275 bitcoin were purchased between $60,000 and $70,000, increasing total BTC in this range to 1,845,766. This represents 9.23% of bitcoin's circulating supply. The accumulation suggests strong dip-buying demand and indicates this price level may act as a support floor. Bitcoin recently rebounded above $70,000 following temporary U.S.-Iran ceasefire, having traded below $70,000 for five weeks.
Key Entities
BitcoinBTC$60,000-$70,000 price range844,275 BTCGlassnodeU.S.-Iran ceasefire1,845,766 BTC