Data: During the market downturn, over 400,000 BTC were accumulated in the $60,000–$70,000 range

On-chain data from Glassnode shows that during the significant pullback of Bitcoin, the market experienced notable accumulation of chips in the $60,000 to $70,000 range, with over 400,000 BTC being accumulated by investors, indicating strong "bottom-fishing" behavior. The supply of BTC in this price range has increased from approximately 997,000 to about 1,430,000, an increase of around 429,000, representing a growth of 43%.

Currently, more than 8% of the circulating supply outside of exchanges has its cost basis concentrated in this range, and a dense holding zone has already formed.