Bitcoin buyers accumulate 850K BTC in $60K-$70K range

Bitcoin buyers have accumulated approximately 850,000 BTC within the $60,000 to $70,000 price range, CoinDesk reported, citing an analysis of Glassnode data. This brings the total amount of Bitcoin accumulated in this zone to 1.85 million BTC, representing 9.23% of the circulating supply. Since Jan. 1 of this year alone, 844,275 BTC has been added to this range, suggesting that market participants have been aggressively buying dips below the $70,000 level. The report also noted that the $70,000 to $80,000 range has seen comparatively less trading volume, with an estimated 400,000 BTC accumulated. This thinner supply wall could lead to increased volatility or continued sideways movement.