Bitcoin's $63,000 level becomes key support and accumulation zone

According to ChainCatcher, data from Glassnode indicates that the $63,000 level has emerged as a critical support zone and a key battleground between bulls and bears in the current Bitcoin (BTC) market. Over the past several weeks, Bitcoin has consistently traded within the $60,000–$67,000 range, with over 3% of BTC’s circulating supply—approximately 515,000 BTC—holding at an average cost near $63,000. Additionally, more than 362,000 BTC are concentrated around the $61,000 level. Glassnode notes that only the supply density between $78,000 and $82,000 exceeds that of this zone, corresponding to Bitcoin’s阶段性 peak in May. Furthermore, Bitcoin’s current price is nearly aligned with the 200-week moving average. Glassnode data shows the 200-week MA is currently at approximately $63,657, while BTC’s price stands at around $63,822, suggesting significant historical accumulation and strong cost support at this level. Based on the 30-day Accumulation Trend Score, all investor categories are currently in a net accumulation phase, with retail buyers showing the most pronounced buying activity. Meanwhile, whale addresses holding over 1,000 BTC continue to increase their positions, indicating that long-term capital is still being deployed. The $63,000 region has thus become a pivotal price band in Bitcoin’s short-term market structure, and ongoing accumulation behavior may serve as a key indicator for future price movements.