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TechFlow News: On February 24, Glassnode data showed that over 400,000 BTC were accumulated in the $60,000–$70,000 price range during Bitcoin’s recent decline. Supply held within this price band increased from approximately 997,000 BTC on January 1 to roughly 1,430,000 BTC currently—a 43% rise—accounting for over 8% of non-exchange circulating supply and forming a dense cost basis zone.
Glassnode data shows that over 400,000 BTC were accumulated in the $60,000–$70,000 price range during Bitcoin’s recent downturn. Supply held within this range increased from approximately 997,000 BTC on January 1 to roughly 1.43 million BTC currently—a 43% rise—accounting for over 8% of non-exchange circulating supply and forming a dense cost basis zone.
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