On-chain analyst Murphy noted that 890,000 BTC have accumulated at the $63,000 level; excluding the 550,000 BTC locked by Coinbase between $83,000 and $84,000, the accumulation at this level exceeds 1 million BTC, accounting for approximately 5% of the total circulating supply. Currently, the combined accumulation at $62,000 and $63,000 represents about 8% of the circulating supply, while the concentration of holdings within a 5% range of the spot price has risen to 13%, surpassing May levels and entering a warning zone. Excessive concentration of holdings increases price sensitivity; the large volume of short-term holdings accumulated near $63,000 could act as a catalyst for volatility, leaving the market in a state poised for a sharp directional move at any moment.
Bitcoin accumulates 890,000 BTC at $63,000, entering market warning zone
AiCoinShare
Summary
On August 2, 2026, the BTC price reached $63,000, with 890,000 BTC concentrated at this level, according to AiCoin. Excluding 550,000 BTC locked by Coinbase between $83,000 and $84,000, the total at $63,000 exceeds 1 million BTC, or 5% of the circulating supply. BTC dominance at $62,000 and $63,000 now accounts for 8% of the supply, with price concentration within a 5% range rising to 13%, entering a warning zone.
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