Analysis: BTC sees concentrated buying pressure below $60K

Investors bought approximately 260,000 BTC over a 10-day period after Bitcoin fell below $60,000 earlier this month, CoinDesk reported. Citing Glassnode's UTXO Realized Price Distribution data, the report noted that investors net-purchased 259,298 BTC in the $59,000 to $67,000 range since June 5. Glassnode's Accumulation Trend Score by Wallet Cohort, which reflects both buyer size and accumulation volume over the past 15 days, reached its maximum value of 1.0. The buying pressure was evenly distributed across major cohorts, from holders with less than one BTC, typically classified as retail investors, to those holding up to 1,000 BTC. This marks a shift from the March to May period, when most cohorts were net sellers as BTC's price stagnated around $70,000. However, the total accumulation score has remained at its peak for over two weeks, signaling strong buying interest during the current market correction.