ChainCatcher report, according to data from the on-chain analytics platform Glassnode, during Bitcoin's recent pullback below $70,000, traders aggressively bought the dip, accumulating nearly 600,000 BTC, worth approximately $42.48 billion at current prices—of which about 200,000 BTC were purchased in just the past two weeks. At the beginning of this year, approximately 997,000 BTC were last transferred in the $60,000–$70,000 range; following Bitcoin’s recent drop below $70,000, this figure has risen to about 1.558 million BTC. This means that roughly 8% of the current circulating supply was acquired in the $60,000–$70,000 range, forming a concentrated cost base that could serve as a significant support level in the future.
600,000 BTC purchased during Bitcoin's recent dip below $70,000
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Summary
BTC’s price recently dipped below $70,000, but traders purchased nearly 600,000 BTC, worth approximately $42.48 billion at current prices. Over the past two weeks, an additional 200,000 BTC were added to this buying activity. The amount of BTC traded within the $60,000–$70,000 range has increased from 997,000 BTC at the start of the year to 1.558 million BTC—representing about 8% of the circulating supply and forming a strong support level. BTC dominance remains stable as accumulation continues in this key price band.
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