Glassnode: Over 400,000 BTC were accumulated in the $60,000–$70,000 range during the market decline

SmartContractAuditor · 2026-02-24T13:09:49+00:00

During the sharp correction in Bitcoin prices, data agency Glassnode showed that the market experienced significant accumulation in the $60,000 to $70,000 range, with over 400,000 BTC absorbed, concentrated holding costs, forming dense holding zones, and clear bottom-fishing behavior.

SmartContractAuditor

2026-02-24 13:09:49

Abstract generation in progress

Odaily Planet Daily reports that on-chain data from the analytics firm Glassnode shows that during a significant Bitcoin correction, the market experienced substantial accumulation between $60,000 and $70,000. Over 400,000 BTC were absorbed by investors, indicating strong “bottom-fishing” behavior. The supply of BTC in this price range has increased from approximately 997,000 on January 1 to about 1.43 million now, an increase of around 429,000, or 43%. Currently, more than 8% of the circulating supply outside exchanges is concentrated in this range, forming a dense accumulation zone. (CoinDesk)

BTC7,66%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.